Millennium Management LLC Has $21.90 Million Stake in 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 grew its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 105.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,408 shares of the construction company's stock after purchasing an additional 167,404 shares during the quarter. Millennium Management LLC owned about 1.07% of Century Communities worth $21,902,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

CCS has been the subject of a number of recent analyst reports. Zacks Research downgraded Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, B. Riley assumed coverage on Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price target on the stock. One investment 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.00.

Century Communities Stock Down 0.7%

Shares of CCS traded down $0.44 during midday trading on Monday, reaching $67.02. 323,718 shares of the stock were exchanged, compared to its average volume of 268,871. 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 company has a market cap of $1.99 billion, a price-to-earnings ratio of 8.18 and a beta of 1.46. The firm has a 50 day simple moving average of $63.10 and a 200-day simple moving average of $60.62. 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 data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.65 EPS. Research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 annualized dividend and a yield of 1.7%. Century Communities's dividend payout ratio is 14.16%.

Century Communities Company 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.