Trexquant Investment LP Has $8.73 Million Stock Position in Century Communities, Inc. $CCS

Key Points

• Trexquant Investment LP increased its holdings in Century Communities by 192.4%, owning 130,126 shares valued at approximately $8.73 million after purchasing an additional 85,621 shares during the first quarter.
• Century Communities recently reported $1.37 earnings per share for the quarter, surpassing estimates and generating $1 billion in revenue, though down 1.7% year-over-year.
• The company announced a quarterly dividend of $0.29 per share, reflecting a 1.8% dividend yield with a payout ratio of 14.16% for shareholders of record by August 27th.

Trexquant Investment LP lifted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 192.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,126 shares of the construction company's stock after purchasing an additional 85,621 shares during the quarter. Trexquant Investment LP owned 0.43% of Century Communities worth $8,731,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CCS. Versant Capital Management Inc raised its position in shares of Century Communities by 533.9% during the 1st 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. US Bancorp DE lifted its position in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares during the period. Covestor Ltd increased its position in shares of Century Communities by 104.5% during the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after purchasing an additional 555 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Century Communities in the 1st quarter worth $91,000. Finally, GAMMA Investing LLC boosted its position in shares of Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after purchasing an additional 594 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CCS shares. B. Riley began coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective on the stock. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Zacks Research cut shares of Century Communities from a "hold" rating to a "strong sell" rating in a research 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $85.00.

Century Communities Stock Up 4.0%

NYSE CCS traded up $2.58 during trading on Thursday, reaching $67.79. The company's stock had a trading volume of 117,670 shares, compared to its average volume of 423,347. 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 capitalization of $2.01 billion, a PE ratio of 8.27 and a beta of 1.46. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The business has a 50-day moving average price of $61.48 and a 200-day moving average price of $60.98.

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

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given 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 dividend yield of 1.7%. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

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.