JPMorgan Chase & Co. Buys 65,885 Shares of Century Communities, Inc. $CCS

JPMorgan Chase & Co. increased its stake in shares of Century Communities, Inc. (NYSE:CCS) by 32.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 267,011 shares of the construction company’s stock after acquiring an additional 65,885 shares during the period. JPMorgan Chase & Co. owned 0.90% of Century Communities worth $15,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its stake in shares of Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after buying an additional 1,180 shares during the last quarter. American Century Companies Inc. grew its stake in Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock valued at $4,272,000 after buying an additional 5,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Century Communities in the 2nd quarter worth $582,000. Jump Financial LLC lifted its position in Century Communities by 109.7% during the 1st quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock worth $952,000 after acquiring an additional 7,421 shares during the last quarter. Finally, Creative Planning lifted its position in Century Communities by 117.2% during the 2nd quarter. Creative Planning now owns 37,891 shares of the construction company’s stock worth $2,134,000 after acquiring an additional 20,447 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 0.5%

CCS stock opened at $62.17 on Friday. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $88.84. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.83 billion, a PE ratio of 9.08 and a beta of 1.53. The business’s 50-day simple moving average is $61.08 and its 200 day simple moving average is $60.46.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. During the same quarter in the prior year, the firm posted $2.77 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio is presently 16.93%.

Wall Street Analysts Forecast Growth

CCS has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a research report on Thursday. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.33.

Century Communities Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.