Amundi Acquires 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 lifted its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 692.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,001 shares of the construction company's stock after buying an additional 96,115 shares during the quarter. Amundi owned about 0.36% of Century Communities worth $6,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CCS. Royal Bank of Canada lifted its holdings in shares of Century Communities by 6.5% in the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company's stock worth $995,000 after purchasing an additional 910 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Century Communities by 3.8% in the 1st quarter. Baird Financial Group Inc. now owns 99,830 shares of the construction company's stock worth $6,699,000 after purchasing an additional 3,624 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Century Communities by 192.4% in the 1st quarter. Trexquant Investment LP now owns 130,126 shares of the construction company's stock worth $8,731,000 after purchasing an additional 85,621 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Century Communities in the 1st quarter worth $563,000. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Century Communities by 4.0% in the 1st quarter. Rafferty Asset Management LLC now owns 19,392 shares of the construction company's stock worth $1,301,000 after purchasing an additional 745 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Performance

Shares of NYSE:CCS traded down $1.74 during midday trading on Friday, reaching $67.55. The company had a trading volume of 260,734 shares, compared to its average volume of 276,208. The company's 50 day moving average price is $62.92 and its 200 day moving average price is $60.70. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.00 billion, a P/E ratio of 8.25 and a beta of 1.46. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42.

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

Century Communities Announces Dividend

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

Wall Street Analyst Weigh In

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

About Century Communities

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.