Century Communities, Inc. $CCS Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Century Communities stake by 42.1% in the second quarter, selling 61,319 shares and retaining 84,415 shares valued at approximately $6.05 million.
• Institutional ownership remains very high at 99.54%, with BlackRock initiating a sizable position and California State Teachers Retirement System increasing its holdings by more than 6,800%.
• Century Communities beat quarterly earnings estimates, reporting $1.30 in EPS and $927.23 million in revenue, while maintaining a $0.32 quarterly dividend. Analysts’ consensus rating is “Hold,” with an average price target of $67.

Squarepoint Ops LLC reduced its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 42.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,415 shares of the construction company's stock after selling 61,319 shares during the quarter. Squarepoint Ops LLC owned approximately 0.30% of Century Communities worth $6,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Century Communities during the second quarter worth about $367,973,000. California State Teachers Retirement System grew its holdings in shares of Century Communities by 6,886.6% in the second quarter. California State Teachers Retirement System now owns 2,266,677 shares of the construction company's stock valued at $162,430,000 after purchasing an additional 2,234,234 shares in the last quarter. Wellington Management Group LLP increased its stake in Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company's stock worth $96,803,000 after buying an additional 139,141 shares during the period. Balyasny Asset Management L.P. increased its stake in Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company's stock worth $58,832,000 after buying an additional 254,186 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Century Communities by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company's stock worth $38,562,000 after buying an additional 32,561 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Up 1.8%

Shares of Century Communities stock opened at $60.62 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The company has a market capitalization of $1.72 billion, a P/E ratio of 13.29 and a beta of 1.30. The company has a 50 day moving average of $67.32 and a 200 day moving average of $62.01.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. During the same period in the prior year, the firm posted $1.37 EPS. The company's quarterly revenue was down 8.1% compared to the same quarter last year. As a group, research analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Century Communities's payout ratio is presently 28.07%.

Analyst Ratings Changes

CCS has been the subject of several research reports. Zelman & Associates downgraded shares of Century Communities from a "neutral" rating to an "underperform" rating in a research note on Tuesday, July 7th. Zacks Research upgraded Century Communities from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Finally, Weiss Ratings raised Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.00.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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