Century Communities, Inc. $CCS Stock Holdings Increased by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP has increased its stake in Century Communities, Inc. by 33.3%, owning 20,000 shares, making it the 21st largest position in their portfolio with a value of approximately $1,342,000.
• Several institutional investors, including Vanguard Group and Wellington Management Group, have also increased their stakes in Century Communities, contributing to the company being 99.54% owned by hedge funds and institutional investors.
• Century Communities recently reported a quarterly earnings per share of $1.37, beating analyst estimates and showcasing a net margin of 6.03%, while also declaring a quarterly dividend of $0.29, representing an annualized yield of 1.7%.

Militia Capital Partners LP boosted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the construction company's stock after acquiring an additional 5,000 shares during the period. Century Communities comprises 1.1% of Militia Capital Partners LP's portfolio, making the stock its 21st largest holding. Militia Capital Partners LP owned approximately 0.07% of Century Communities worth $1,342,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after acquiring an additional 594 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Century Communities in the 1st quarter valued at $423,000. Principal Financial Group Inc. raised its holdings in Century Communities by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after acquiring an additional 1,870 shares during the last quarter. SG Americas Securities LLC acquired a new position in Century Communities in the 1st quarter valued at $982,000. Finally, Allspring Global Investments Holdings LLC increased its position in Century Communities by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock worth $3,364,000 after purchasing an additional 3,036 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 0.7%

Shares of CCS traded down $0.44 during midday trading on Monday, reaching $67.02. 323,718 shares of the company were exchanged, compared to its average volume of 418,649. The stock has a 50-day moving average price of $63.10 and a 200-day moving average price of $60.62. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 8.18 and a beta of 1.46. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year 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.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1 billion during 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%. The business's revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $2.65 EPS. Research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

CCS has been the subject of several research analyst reports. Zacks Research lowered shares of Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. B. Riley initiated coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target for the company. Finally, Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $85.00.

About Century Communities

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.