6,167 Shares in Century Communities, Inc. $CCS Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd acquired 6,167 shares of Century Communities, Inc. valued at approximately $414,000, indicating growing institutional interest in the construction company.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding analysts' expectations of $1.16 despite a 1.7% revenue decline year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, representing an annualized yield of 1.7%, with a payout ratio of 14.16%.

Bayforest Capital Ltd acquired a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,167 shares of the construction company's stock, valued at approximately $414,000.

Several other large investors also recently bought and sold shares of CCS. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Century Communities in the fourth quarter valued at $226,000. BNP Paribas Financial Markets increased its stake in Century Communities by 60.4% during the fourth quarter. BNP Paribas Financial Markets now owns 67,143 shares of the construction company's stock worth $4,926,000 after acquiring an additional 25,279 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after buying an additional 562 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Century Communities by 50.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 146,722 shares of the construction company's stock valued at $10,764,000 after buying an additional 49,070 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Century Communities by 219.1% during the 4th quarter. Deutsche Bank AG now owns 68,662 shares of the construction company's stock valued at $5,037,000 after purchasing an additional 47,147 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Price Performance

Shares of NYSE:CCS opened at $67.97 on Wednesday. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The business has a 50-day moving average of $62.45 and a two-hundred day moving average of $60.79. The stock has a market capitalization of $2.02 billion, a P/E ratio of 8.30 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55.

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

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, August 27th. Century Communities's payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. B. Riley started coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 price target on the stock. Finally, Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.00.

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.

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