Algert Global LLC Has $13.05 Million Stock Position in Century Communities, Inc. $CCS

Key Points

• Algert Global LLC increased its stake in Century Communities, Inc. by 19.2%, owning approximately 0.64% of the company valued at $13.05 million as of the latest SEC filing.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding analysts' expectations of $1.16, despite a 1.7% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.29 per share, offering an annual yield of 1.8%, with a payout ratio of 14.16%.

Algert Global LLC increased its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,435 shares of the construction company's stock after purchasing an additional 31,360 shares during the quarter. Algert Global LLC owned 0.64% of Century Communities worth $13,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings 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 worth $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE raised its holdings in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Sterling Capital Management LLC raised its holdings 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 worth $57,000 after purchasing an additional 688 shares in the last quarter. Covestor Ltd raised its holdings in shares of Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after purchasing an additional 555 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 worth $106,000 after purchasing an additional 594 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CCS. B. Riley began coverage on shares of Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. Wedbush cut their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Century Communities from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Century Communities presently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

Century Communities Trading Up 8.6%

Shares of CCS stock traded up $5.39 during trading hours on Friday, reaching $68.08. 210,075 shares of the stock traded hands, compared to its average volume of 429,578. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The business has a fifty day moving average price of $59.31 and a 200 day moving average price of $61.52. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.02 billion, a PE ratio of 8.31 and a beta of 1.41.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.03% and a return on equity of 10.99%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. During the same period in the previous year, the firm posted $2.65 earnings per share. The firm's revenue was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

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

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.