Wellington Management Group LLP Increases Position in Century Communities, Inc. $CCS

Wellington Management Group LLP boosted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,982 shares of the construction company’s stock after acquiring an additional 137,957 shares during the quarter. Wellington Management Group LLP’s holdings in Century Communities were worth $75,313,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CCS. Royal Bank of Canada grew its stake in Century Communities by 6.5% in 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 in the last quarter. AQR Capital Management LLC grew its stake in Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after purchasing an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $1,102,000 after buying an additional 529 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 in the last quarter. Finally, Intech Investment Management LLC increased 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 valued at $1,416,000 after buying an additional 3,026 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

NYSE:CCS opened at $63.57 on Thursday. Century Communities, Inc. has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average price of $68.49 and a 200 day moving average price of $62.47. The stock has a market cap of $1.81 billion, a PE ratio of 13.94 and a beta of 1.30.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Equities research analysts expect that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be given a $0.32 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. Century Communities’s payout ratio is currently 28.07%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CCS shares. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.00.

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.