GAMMA Investing LLC Has $7.11 Million Stake in Century Communities, Inc. (NYSE:CCS)

GAMMA Investing LLC grew its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 10,656.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,951 shares of the construction company's stock after purchasing an additional 104,966 shares during the quarter. GAMMA Investing LLC owned approximately 0.35% of Century Communities worth $7,109,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. KBC Group NV boosted its holdings in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Century Communities by 125.1% during the 4th quarter. Vest Financial LLC now owns 32,139 shares of the construction company's stock worth $2,358,000 after buying an additional 17,859 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Century Communities by 22.0% in the fourth quarter. New York State Teachers Retirement System now owns 14,854 shares of the construction company's stock valued at $1,090,000 after acquiring an additional 2,675 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after purchasing an additional 460 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Century Communities by 25.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,466 shares of the construction company's stock worth $1,795,000 after acquiring an additional 5,038 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez purchased 500 shares of Century Communities stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the acquisition, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. This trade represents a 5.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 2,400 shares of company stock valued at $130,426. Corporate insiders own 11.90% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush reduced their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $101.33.

Century Communities Trading Up 0.3%

CCS traded up $0.17 during midday trading on Thursday, hitting $54.74. 270,815 shares of the company were exchanged, compared to its average volume of 376,733. The firm has a market capitalization of $1.67 billion, a P/E ratio of 5.26 and a beta of 1.43. The firm's 50 day moving average price is $55.78 and its 200-day moving average price is $68.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the previous year, the company earned $2.22 earnings per share. The business's revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast 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, June 11th. Stockholders of record on Wednesday, May 28th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

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.