Crown Advisors Management Inc. Has $2.01 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Key Points

• Crown Advisors Management Inc. has reduced its stake in Century Communities, Inc. by 60%, selling 45,000 shares, and now holds only 30,000 shares, representing 1.8% of its portfolio.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding expectations of $1.16, despite a 1.7% year-over-year revenue decline.
• Analysts have mixed views on Century Communities, with one firm downgrading its rating to "sell", while others maintain a "hold" rating and establish a target price of $85.00.

Crown Advisors Management Inc. cut its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 60.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the construction company's stock after selling 45,000 shares during the quarter. Century Communities accounts for 1.8% of Crown Advisors Management Inc.'s holdings, making the stock its 28th largest position. Crown Advisors Management Inc. owned 0.10% of Century Communities worth $2,013,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Century Communities by 38.3% in the first quarter. Russell Investments Group Ltd. now owns 73,172 shares of the construction company's stock valued at $4,910,000 after acquiring an additional 20,257 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Century Communities by 25.8% in the first quarter. Public Sector Pension Investment Board now owns 86,421 shares of the construction company's stock valued at $5,799,000 after acquiring an additional 17,703 shares during the last quarter. Nuveen LLC bought a new position in Century Communities in the first quarter valued at approximately $11,583,000. Benjamin Edwards Inc. increased 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 valued at $394,000 after acquiring an additional 266 shares during the last quarter. Finally, Covestor Ltd increased its stake in Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after acquiring an additional 555 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Wedbush cut their target price on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.00.

Century Communities Price Performance

Century Communities stock traded up $0.20 during mid-day trading on Friday, reaching $65.55. The company had a trading volume of 407,482 shares, compared to its average volume of 435,892. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. 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 market cap of $1.95 billion, a P/E ratio of 8.00 and a beta of 1.41. The business has a fifty day simple moving average of $58.55 and a 200 day simple moving average of $61.84.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 6.03% and a return on equity of 10.99%. Century Communities's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.65 earnings per share. On average, equities research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $1.16 annualized dividend and a yield of 1.8%. Century Communities's payout ratio 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.