Deutsche Bank AG Invests $8.70 Million in Century Communities, Inc. $CCS

Key Points

• Deutsche Bank acquired a new $8.7 million stake in Century Communities during the second quarter, purchasing 121,456 shares and owning approximately 0.43% of the company. Institutional investors collectively hold 99.54% of CCS shares.
• Century Communities reported quarterly EPS of $1.30, exceeding analyst expectations of $0.63, while revenue reached $927.23 million. However, revenue declined 8.1% year over year.
• The company declared a quarterly dividend of $0.32 per share, equivalent to an annualized $1.28 and a 1.8% yield. Analyst sentiment is mixed, with a consensus rating of “Hold” and a $67 average price target.

Deutsche Bank AG acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 121,456 shares of the construction company's stock, valued at approximately $8,704,000. Deutsche Bank AG owned 0.43% of Century Communities at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCS. Parallel Advisors LLC raised its holdings in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company's stock worth $36,000 after purchasing an additional 411 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock valued at $41,000 after purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Century Communities during the fourth quarter valued at about $70,000. Meeder Asset Management Inc. purchased a new stake in Century Communities in the first quarter worth about $81,000. Finally, Jones Financial Companies Lllp increased its position in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after buying an additional 1,135 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Price Performance

NYSE:CCS opened at $69.94 on Monday. The business's 50-day simple moving average is $67.67 and its two-hundred day simple moving average is $62.60. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00. The stock has a market cap of $1.99 billion, a PE ratio of 15.34 and a beta of 1.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm had revenue of $927.23 million during the quarter, compared to analyst estimates of $857.23 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business's quarterly revenue was down 8.1% compared to the same quarter last year. As a group, analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Century Communities's dividend payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCS. Zacks Research raised Century Communities from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Century Communities from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Century Communities from $49.00 to $45.00 and set an "underweight" rating on the stock in a report on Wednesday, April 29th. Zelman & Associates lowered shares of Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Century Communities has an average rating of "Hold" and a consensus target price of $67.00.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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