Amundi Purchases 96,115 Shares of Century Communities, Inc. $CCS

Key Points

• Amundi increased its holdings in Century Communities, Inc. by 692.2% during the first quarter, acquiring an additional 96,115 shares, bringing its total ownership to approximately 0.36% of the company valued at $6,922,000.
• Analysts have varied views on the stock, with one upgrading it to a "hold" while another set a buy rating with a price target of $70.00, yet Zacks Research downgraded it to a "strong sell," resulting in an average price target of $85.00.
• Century Communities recently announced a quarterly dividend of $0.29 per share, representing a 1.7% dividend yield, and the company's financial performance showed earnings per share of $1.37 exceeding analysts' expectations.

Amundi increased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 692.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,001 shares of the construction company's stock after purchasing an additional 96,115 shares during the quarter. Amundi owned 0.36% of Century Communities worth $6,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CCS. Wellington Management Group LLP lifted its holdings in shares of Century Communities by 32.5% in the first quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company's stock worth $104,592,000 after acquiring an additional 382,408 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Century Communities by 32.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock valued at $71,102,000 after buying an additional 258,245 shares during the period. Nuveen LLC acquired a new position in shares of Century Communities in the first quarter valued at approximately $11,583,000. Assenagon Asset Management S.A. increased its position in Century Communities by 806.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company's stock valued at $8,582,000 after purchasing an additional 113,796 shares during the period. Finally, GAMMA Investing LLC increased its position in Century Communities by 10,656.4% during the 1st quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock valued at $7,109,000 after purchasing an additional 104,966 shares during the period. Institutional investors own 99.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, B. Riley started coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $85.00.

Century Communities Stock Performance

Shares of Century Communities stock traded up $0.16 during trading hours on Tuesday, hitting $67.28. 420,108 shares of the company's stock traded hands, compared to its average volume of 274,868. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.21 and a beta of 1.46. The company has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $60.66. 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 announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. During the same period last year, the firm posted $2.65 EPS. The business's revenue was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 27th. 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.