Century Communities, Inc. $CCS Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its holdings in Century Communities by 32.5%, bringing their total shares to 1,558,751, valued at approximately $104.6 million.
• Century Communities recently surpassed analysts' earnings expectations, reporting $1.37 earnings per share against an estimated $1.16, although revenue declined by 1.7% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, representing an annualized yield of 1.9%, with the payment scheduled for September 10th.

Wellington Management Group LLP increased its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,558,751 shares of the construction company's stock after buying an additional 382,408 shares during the period. Wellington Management Group LLP owned about 5.10% of Century Communities worth $104,592,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. increased its position in shares of Century Communities by 32.2% during 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 period. Balyasny Asset Management L.P. grew its stake in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after purchasing an additional 230,113 shares in the last quarter. Nuveen LLC purchased a new stake in Century Communities during the 1st quarter worth about $11,583,000. Assenagon Asset Management S.A. increased its holdings in Century Communities by 806.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company's stock worth $8,582,000 after purchasing an additional 113,796 shares during the period. Finally, GAMMA Investing LLC raised its position in Century Communities by 10,656.4% in the 1st quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock valued at $7,109,000 after purchasing an additional 104,966 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CCS. Wall Street Zen downgraded Century Communities from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. 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 target for the company. Finally, Wedbush reduced their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Century Communities Trading Down 1.7%

Shares of Century Communities stock opened at $62.5710 on Friday. 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 fifty day simple moving average of $59.31 and a 200-day simple moving average of $61.52. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 7.64 and a beta of 1.41. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced 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 firm had revenue of $1 billion during 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%. Century Communities's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. On average, equities analysts forecast that Century Communities, Inc. will post 11.07 EPS 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. Investors of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

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.

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