Empirical Finance LLC Has $4.21 Million Position in Century Communities, Inc. $CCS

Empirical Finance LLC boosted its holdings in Century Communities, Inc. (NYSE:CCS) by 86.5% in the first quarter, Holdings Channel reports. The institutional investor owned 73,394 shares of the construction company’s stock after buying an additional 34,039 shares during the period. Empirical Finance LLC’s holdings in Century Communities were worth $4,211,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. New South Capital Management Inc. grew its holdings in Century Communities by 285.1% during the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock worth $36,169,000 after acquiring an additional 451,187 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Century Communities by 32.2% during the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after acquiring an additional 254,186 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Century Communities by 58.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock worth $30,239,000 after purchasing an additional 186,938 shares during the period. Norges Bank acquired a new position in shares of Century Communities during the fourth quarter worth $10,386,000. Finally, Wellington Management Group LLP grew its stake in shares of Century Communities by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock worth $96,803,000 after purchasing an additional 139,141 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Century Communities presently has an average rating of “Hold” and a consensus price target of $67.00.

Century Communities Trading Up 0.5%

CCS opened at $69.61 on Friday. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The company has a fifty day moving average of $61.35 and a 200-day moving average of $61.94. The stock has a market cap of $2.00 billion, a PE ratio of 15.27 and a beta of 1.29. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.67. The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, sell-side analysts predict that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s payout ratio is currently 28.07%.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.