MQS Management LLC Purchases New Shares in Century Communities, Inc. $CCS

MQS Management LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,140 shares of the construction company’s stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summit Global Investments bought a new stake in shares of Century Communities during the third quarter valued at approximately $1,162,000. Penserra Capital Management LLC raised its position in Century Communities by 34.9% in the 2nd quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after buying an additional 282,133 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Century Communities by 179.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 134,441 shares of the construction company’s stock valued at $8,619,000 after buying an additional 86,341 shares during the last quarter. Finally, Creative Planning boosted its position in Century Communities by 117.2% in the 2nd quarter. Creative Planning now owns 37,891 shares of the construction company’s stock valued at $2,134,000 after buying an additional 20,447 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCS. Citizens Jmp initiated coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. B. Riley Financial restated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Citigroup assumed coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and a consensus target price of $74.75.

Century Communities Trading Up 4.0%

NYSE:CCS opened at $72.63 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $75.01. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.94 and a beta of 1.58. The business’s 50-day moving average price is $63.70 and its two-hundred day moving average price is $62.94.

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

Century Communities Increases Dividend

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

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.