4,641 Shares in Century Communities, Inc. (NYSE:CCS) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has purchased 4,641 shares of Century Communities, Inc. (NYSE:CCS), valued at approximately $311,000, as part of its new investment in the company during the first quarter.
• Century Communities experienced a 2.5% stock price increase recently, with shares priced at $57.71, while the company's market cap is approximately $1.71 billion.
• Wall Street analysts' ratings for Century Communities are mixed, with one rating a sell, three issuing a hold, and one giving a strong buy rating, while the average price target is $85.00.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,641 shares of the construction company's stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp grew its stake in Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after buying an additional 200 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after acquiring an additional 331 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Century Communities by 21.6% during the first quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company's stock worth $188,000 after acquiring an additional 498 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Century Communities by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after acquiring an additional 562 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Century Communities by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after purchasing an additional 565 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCS. Wall Street Zen lowered shares of Century Communities from a "hold" rating to a "sell" rating in a report on Sunday. B. Riley initiated coverage on Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, Wedbush cut their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Century Communities currently has an average rating of "Hold" and an average price target of $85.00.

Century Communities Trading Up 2.2%

Shares of NYSE CCS traded up $1.33 during midday trading on Tuesday, reaching $60.73. 378,781 shares of the stock were exchanged, compared to its average volume of 407,910. The stock has a market capitalization of $1.80 billion, a P/E ratio of 7.42 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50 day simple moving average of $56.79 and a 200 day simple moving average of $62.54. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. During the same quarter in the previous year, the business earned $2.65 earnings per share. The company's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. Century Communities's dividend payout ratio is presently 14.16%.

Insiders Place Their Bets

In related news, Director Elisa Z. Ramirez purchased 500 shares of the company's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the transaction, the director directly owned 8,981 shares in the company, valued at approximately $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 12.60% of the stock is currently owned by company insiders.

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.