Caxton Associates LLP Takes Position 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 stake in Century Communities, Inc. (NYSE:CCS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,107 shares of the construction company's stock, valued at approximately $879,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after acquiring an additional 1,135 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Century Communities during the 1st quarter worth approximately $628,000. Millennium Management LLC raised its holdings in Century Communities by 105.3% during the 1st quarter. Millennium Management LLC now owns 326,408 shares of the construction company's stock worth $21,902,000 after purchasing an additional 167,404 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Century Communities by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company's stock worth $1,102,000 after purchasing an additional 529 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Century Communities in the 1st quarter valued at $9,043,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Down 2.5%

NYSE:CCS traded down $1.74 during trading hours on Friday, reaching $67.55. The company had a trading volume of 260,734 shares, compared to its average volume of 276,208. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42. 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 firm has a market cap of $2.00 billion, a price-to-earnings ratio of 8.25 and a beta of 1.46. The business's 50-day simple moving average is $62.92 and its two-hundred day simple moving average is $60.70.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) 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 analysts' expectations of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 EPS. On average, equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were paid a $0.29 dividend. 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 dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCS shares. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research lowered Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Finally, B. Riley initiated coverage on Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Century Communities has an average rating of "Hold" and an average price target of $85.00.

Century Communities 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.