Millennium Management LLC Purchases 167,404 Shares of Century Communities, Inc. $CCS

Key Points

• Millennium Management LLC increased its stake in Century Communities, Inc. by 105.3%, raising its holdings to approximately 1.07% of the company, valued at $21.9 million.
• Century Communities reported an earnings per share (EPS) of $1.37 for the last quarter, exceeding analyst expectations of $1.16 while facing a 1.7% decline in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.29 per share, equating to an annualized dividend yield of 1.7%.

Millennium Management LLC increased its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 105.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,408 shares of the construction company's stock after purchasing an additional 167,404 shares during the quarter. Millennium Management LLC owned approximately 1.07% of Century Communities worth $21,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sigma Planning Corp lifted its stake in Century Communities by 4.2% in the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after acquiring an additional 200 shares during the period. US Bancorp DE lifted its stake 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 acquiring an additional 232 shares during the period. Benjamin Edwards Inc. lifted its stake in Century Communities by 4.7% in the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock worth $394,000 after acquiring an additional 266 shares during the period. Boston Partners lifted its stake in Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock worth $615,000 after acquiring an additional 314 shares during the period. Finally, Versant Capital Management Inc lifted its position in Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after buying an additional 331 shares during the period. 99.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CCS has been the subject of several recent research reports. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. B. Riley initiated coverage on Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Finally, Zacks Research lowered 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Century Communities presently has a consensus rating of "Hold" and an average target price of $85.00.

Century Communities Stock Performance

NYSE CCS traded up $0.17 during trading hours on Thursday, hitting $67.54. The company's stock had a trading volume of 615,061 shares, compared to its average volume of 293,880. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $107.82. The company's 50 day simple moving average is $63.48 and its two-hundred day simple moving average is $60.71. The company has a market cap of $2.00 billion, a P/E ratio of 8.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.99% and a net margin of 6.03%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. During the same period last year, the company earned $2.65 EPS. Century Communities's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is presently 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.