Algert Global LLC Sells 109,698 Shares of Century Communities, Inc. $CCS

Key Points

• Algert Global LLC cut its Century Communities stake by 57.8% in the second quarter, selling 109,698 shares and retaining 80,033 shares valued at approximately $5.7 million. Institutional investors collectively own 99.54% of the company.
• Century Communities reported quarterly EPS of $1.30, beating analyst estimates of $0.63, while revenue of $927.2 million also exceeded expectations. However, revenue declined 8.1% year over year.
• The company declared a quarterly dividend of $0.32 per share, representing a $1.28 annualized payout and a 1.9% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $67 versus the stock’s $68.56 opening price.

Algert Global LLC lessened its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 57.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,033 shares of the construction company's stock after selling 109,698 shares during the quarter. Algert Global LLC owned about 0.28% of Century Communities worth $5,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company's stock valued at $36,000 after purchasing an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock worth $41,000 after purchasing an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Century Communities in the 4th quarter worth approximately $70,000. Meeder Asset Management Inc. acquired a new position in Century Communities during the 1st quarter worth $81,000. Finally, Jones Financial Companies Lllp lifted its holdings in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after buying an additional 1,135 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Down 1.1%

NYSE CCS opened at $68.56 on Friday. The stock has a 50-day simple moving average of $68.33 and a 200 day simple moving average of $62.63. The company has a market capitalization of $1.95 billion, a PE ratio of 15.03 and a beta of 1.30. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.67. The firm had revenue of $927.23 million for the quarter, compared to analysts' expectations of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The company's revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Research analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 annualized dividend and a yield of 1.9%. Century Communities's dividend payout ratio (DPR) is presently 28.07%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCS shares. Weiss Ratings raised Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research upgraded Century Communities from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, Zelman & Associates lowered Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Century Communities currently has an average rating of "Hold" and an average price target of $67.00.

About Century Communities

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.

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