Caxton Associates LLP Makes New Investment in Century Communities, Inc. $CCS

Key Points

• Caxton Associates LLP has invested approximately $879,000 in Century Communities, Inc., acquiring 13,107 shares of the construction company in the first quarter.
• Several large investors, including Versant Capital Management and Jones Financial Companies, have significantly increased their stakes in Century Communities, indicating strong institutional interest with 99.54% of the stock owned by institutional investors.
• Century Communities has received mixed analyst ratings, with consensus ratings showing one "Strong Buy," multiple "Hold," and one "Sell," and a current target price set at $85.00.

Caxton Associates LLP purchased a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,107 shares of the construction company's stock, valued at approximately $879,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Century Communities by 32.5% in the 1st quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company's stock worth $104,592,000 after buying an additional 382,408 shares in 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 worth $71,102,000 after acquiring an additional 258,245 shares during the last quarter. Nuveen LLC acquired a new position in shares of Century Communities in the first quarter worth $11,583,000. Millennium Management LLC raised its holdings in shares of Century Communities by 105.3% during the first quarter. Millennium Management LLC now owns 326,408 shares of the construction company's stock worth $21,902,000 after acquiring an additional 167,404 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in Century Communities during the first quarter valued at $9,043,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Performance

CCS stock traded up $0.16 during midday trading on Tuesday, hitting $67.28. 420,108 shares of the company traded hands, compared to its average volume of 274,868. Century Communities, Inc. has a twelve month low of $50.42 and a twelve 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 quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The business has a 50 day simple moving average of $63.27 and a 200-day simple moving average of $60.66.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data 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. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $910.70 million. During the same period in the previous year, the company earned $2.65 earnings per share. Century Communities's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared 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 was Wednesday, August 27th. Century Communities's dividend payout ratio is 14.16%.

Analyst Upgrades and Downgrades

CCS has been the topic of several research reports. B. Riley assumed coverage on Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Zacks Research downgraded Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. One research 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $85.00.

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.