Militia Capital Partners LP Increases Stake in Century Communities, Inc. $CCS

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

Other large investors also recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock valued at $330,000 after acquiring an additional 200 shares during the period. US Bancorp DE raised its holdings in shares of Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock valued at $394,000 after purchasing an additional 266 shares during the period. Boston Partners lifted its position in Century Communities by 3.5% during the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock valued at $615,000 after purchasing an additional 314 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after purchasing an additional 331 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Century Communities Stock Performance

Century Communities stock traded up $1.37 during midday trading on Wednesday, hitting $68.56. The stock had a trading volume of 123,618 shares, compared to its average volume of 416,882. The firm's fifty day moving average is $63.27 and its two-hundred day moving average is $60.66. The company has a market capitalization of $2.03 billion, a PE ratio of 8.37 and a beta of 1.46. Century Communities, Inc. has a 52-week low of $50.42 and a 52-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.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results 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 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 firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. On average, research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

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

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.