Century Communities, Inc. $CCS Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 42.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,415 shares of the construction company’s stock after selling 61,319 shares during the quarter. Squarepoint Ops LLC’s holdings in Century Communities were worth $6,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Century Communities in the second quarter valued at approximately $367,973,000. California State Teachers Retirement System lifted its position in shares of Century Communities by 6,886.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,266,677 shares of the construction company’s stock worth $162,430,000 after buying an additional 2,234,234 shares during the last quarter. Heartland Advisors Inc. acquired a new position in shares of Century Communities in the 2nd quarter valued at $37,006,000. Lakewood Capital Management LP acquired a new position in shares of Century Communities in the 2nd quarter valued at $34,898,000. Finally, New South Capital Management Inc. grew its position in shares of Century Communities by 285.1% in the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after buying an additional 451,187 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Price Performance

Shares of NYSE CCS opened at $60.62 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 13.29 and a beta of 1.30. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The stock has a 50 day moving average of $67.32 and a two-hundred day moving average of $62.01. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. On average, research analysts forecast that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. Century Communities’s dividend payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

CCS has been the topic of several research analyst reports. Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Century Communities currently has an average rating of “Hold” and an average target price of $67.00.

Century Communities Company 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.