Ieq Capital LLC Acquires Shares of 10,056 Century Communities, Inc. $CCS

Ieq Capital LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 10,056 shares of the construction company’s stock, valued at approximately $721,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares during the last quarter. AQR Capital Management LLC grew its position in Century Communities by 138.0% in the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after buying an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Century Communities by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after buying an additional 529 shares during the period. Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares during the period. Finally, Intech Investment Management LLC raised its position in Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after buying an additional 3,026 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Century Communities has a consensus rating of “Hold” and a consensus target price of $67.00.

Century Communities Trading Down 1.1%

Shares of CCS stock opened at $68.56 on Friday. The business’s fifty day moving average price is $68.33 and its 200 day moving average price is $62.63. The firm has a market capitalization of $1.95 billion, a PE ratio of 15.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. Century Communities, Inc. has a 1-year low of $47.28 and a 1-year high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS 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 the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.Century Communities’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. As a group, sell-side analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared 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 1.9%. The ex-dividend date is Wednesday, August 26th. Century Communities’s dividend payout ratio (DPR) is currently 28.07%.

About Century Communities

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.