Jump Financial LLC Grows Stake in Century Communities, Inc. $CCS

Key Points

• Jump Financial LLC increased its stake in Century Communities by 109.7%, owning 14,188 shares after buying an additional 7,421 shares, valued at approximately $952,000.
• Century Communities has recently seen several institutional investors raise their stakes, indicating strong investor interest, with institutional ownership now at 99.54%.
• The company reported earnings of $1.37 per share, exceeding estimates, and announced a quarterly dividend of $0.29, reflecting a yield of 1.8%.

Jump Financial LLC boosted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 109.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,188 shares of the construction company's stock after acquiring an additional 7,421 shares during the quarter. Jump Financial LLC's holdings in Century Communities were worth $952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp increased its stake in shares of Century Communities by 4.2% in the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE increased its stake in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Century Communities by 4.7% in the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock worth $394,000 after purchasing an additional 266 shares in the last quarter. Boston Partners increased its stake in shares of Century Communities by 3.5% in the 1st quarter. Boston Partners now owns 9,171 shares of the construction company's stock worth $615,000 after purchasing an additional 314 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 331 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCS. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. B. Riley started coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities Price Performance

Shares of Century Communities stock traded up $3.15 during trading on Thursday, reaching $68.36. 397,231 shares of the stock traded hands, compared to its average volume of 280,710. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.35 and a beta of 1.46. The business has a fifty day simple moving average of $61.74 and a two-hundred day simple moving average of $60.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42.

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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The firm had revenue of $1 billion during 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 business posted $2.65 earnings per share. Sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities's dividend payout ratio (DPR) 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.