Odyssean LLC Invests $784,000 in Century Communities, Inc. $CCS

Odyssean LLC bought a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,936 shares of the construction company’s stock, valued at approximately $784,000.

Several other large investors have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares in the last quarter. State of Wyoming acquired a new stake in shares of Century Communities during the 2nd quarter worth about $82,000. Aster Capital Management DIFC Ltd purchased a new stake in Century Communities during the fourth quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp lifted its stake in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Century Communities currently has an average rating of “Hold” and an average target price of $67.00.

Century Communities Trading Down 1.2%

NYSE:CCS opened at $69.46 on Thursday. The company has a market capitalization of $1.97 billion, a PE ratio of 15.23 and a beta of 1.30. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The stock’s 50 day moving average price is $68.22 and its 200 day moving average price is $62.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. The company had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm’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, research analysts anticipate that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be issued 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 is Wednesday, August 26th. Century Communities’s payout ratio is presently 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.