Deutsche Bank AG Grows Stock Holdings in Century Communities, Inc. $CCS

Key Points

• Deutsche Bank AG increased its stake in Century Communities, Inc. by 25.6%, acquiring an additional 17,556 shares, which brought its total ownership to 86,218 shares valued at approximately $5.8 million.
• Several other institutional investors, including Charles Schwab and Vanguard Group, have also adjusted their holdings in Century Communities, leading to institutional ownership of 99.54% of the company's stock.
• Analyst ratings for Century Communities show mixed sentiments, with one upgrade to a "buy" and one downgrade to a "sell", contributing to an average rating of "Hold" with a target price of $85.00.

Deutsche Bank AG raised its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,218 shares of the construction company's stock after buying an additional 17,556 shares during the period. Deutsche Bank AG owned about 0.28% of Century Communities worth $5,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Century Communities by 533.9% in 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 in the last quarter. US Bancorp DE raised 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 valued at $27,000 after buying an additional 232 shares in the last quarter. Sterling Capital Management LLC raised its stake in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares in the last quarter. GAMMA Investing LLC raised its stake in Century Communities by 60.3% in the first 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. Finally, Nisa Investment Advisors LLC raised its stake in Century Communities by 21.6% in the first quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company's stock valued at $188,000 after buying an additional 498 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock traded down $1.0590 during mid-day trading on Thursday, hitting $62.5710. 199,676 shares of the stock were exchanged, compared to its average volume of 336,624. The stock's fifty day simple moving average is $59.31 and its two-hundred day simple moving average is $61.52. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 7.64 and a beta of 1.41. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) 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%.The business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 earnings per share. On average, 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 will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wedbush cut their price target 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. B. Riley started 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. Finally, Wall Street Zen lowered Century Communities from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.00.

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.