Capital Fund Management S.A. Acquires Shares of 19,718 Century Communities, Inc. $CCS

Key Points

• Capital Fund Management S.A. made a new investment of approximately $1.32 million in Century Communities, Inc. by acquiring 19,718 shares during the first quarter of the year.
• Century Communities reported earnings of $1.37 per share for the most recent quarter, exceeding estimates, but experienced a 1.7% decline in quarterly revenue year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, reflecting an annualized yield of 1.7% and a payout ratio of 14.16%.

Capital Fund Management S.A. purchased a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,718 shares of the construction company's stock, valued at approximately $1,323,000. Capital Fund Management S.A. owned approximately 0.06% of Century Communities as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CCS. Sigma Planning Corp increased its holdings in shares of Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after buying an additional 200 shares in the last quarter. US Bancorp DE increased its holdings in shares of Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after buying an additional 232 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock worth $394,000 after buying an additional 266 shares in the last quarter. Boston Partners increased its holdings in shares of Century Communities by 3.5% during the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock worth $615,000 after buying an additional 314 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Zacks Research lowered shares of Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $85.00.

Century Communities Price Performance

Shares of Century Communities stock traded up $0.25 during midday trading on Friday, reaching $65.91. The company had a trading volume of 293,775 shares, compared to its average volume of 303,547. 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 company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.05 and a beta of 1.41. The stock has a fifty day simple moving average of $60.90 and a 200 day simple moving average of $61.07. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year 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, beating analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 earnings per share. As a group, equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a $0.29 dividend. 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 1.8%. Century Communities's dividend payout ratio (DPR) 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.