SG Americas Securities LLC Makes New $982,000 Investment in Century Communities, Inc. (NYSE:CCS)

SG Americas Securities LLC bought a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,639 shares of the construction company's stock, valued at approximately $982,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCS. Versant Capital Management Inc boosted its stake in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after buying an additional 331 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after buying an additional 569 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares during the period. Headlands Technologies LLC purchased a new position in shares of Century Communities in the 4th quarter valued at about $74,000. Finally, GAMMA Investing LLC boosted its stake in shares of Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after buying an additional 594 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush decreased their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $101.33.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez bought 500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the purchase, the director now directly owns 8,981 shares in the company, valued at $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 2,400 shares of company stock worth $130,426 over the last 90 days. 11.90% of the stock is owned by insiders.

Century Communities Stock Up 1.5%

Shares of CCS traded up $0.79 during midday trading on Friday, hitting $53.11. The company had a trading volume of 596,394 shares, compared to its average volume of 381,178. The company's 50-day simple moving average is $54.91 and its 200-day simple moving average is $66.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $1.62 billion, a P/E ratio of 5.12 and a beta of 1.43. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The business had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. Century Communities's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.22 EPS. As a group, sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, May 28th. Century Communities's payout ratio is 12.01%.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.