Century Communities, Inc. $CCS Shares Sold by Bryce Point Capital LLC

Bryce Point Capital LLC lessened its stake in Century Communities, Inc. (NYSE:CCS) by 56.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,749 shares of the construction company’s stock after selling 10,201 shares during the period. Bryce Point Capital LLC’s holdings in Century Communities were worth $491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares during the period. Balyasny Asset Management L.P. raised its holdings in 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 worth $58,832,000 after purchasing an additional 254,186 shares in the last quarter. Voss Capital LP lifted its position in Century Communities by 280.0% in the second quarter. Voss Capital LP now owns 285,000 shares of the construction company’s stock worth $16,051,000 after purchasing an additional 210,000 shares during the period. M&G PLC bought a new position in Century Communities during the 2nd quarter valued at $11,000,000. Finally, AQR Capital Management LLC increased its position in shares of Century Communities by 139.1% during the 2nd quarter. AQR Capital Management LLC now owns 171,721 shares of the construction company’s stock valued at $9,671,000 after purchasing an additional 99,890 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CCS. B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Citigroup assumed coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Citizens Jmp started coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price for the company. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.75.

Century Communities Trading Up 0.1%

Century Communities stock opened at $69.87 on Tuesday. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $75.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.38 and a beta of 1.57. The company has a 50 day moving average price of $63.54 and a 200 day moving average price of $62.85.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.54 EPS. Research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, February 25th. This is a boost from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio is 23.87%.

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.