GSA Capital Partners LLP Decreases Stock Position in Century Communities, Inc. $CCS

GSA Capital Partners LLP decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 36.8% during the third quarter, Holdings Channel.com reports. The fund owned 18,040 shares of the construction company’s stock after selling 10,492 shares during the period. GSA Capital Partners LLP’s holdings in Century Communities were worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Denali Advisors LLC acquired a new stake in Century Communities in the 3rd quarter worth approximately $1,375,000. JPMorgan Chase & Co. increased its stake in Century Communities by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,699 shares of the construction company’s stock valued at $21,463,000 after purchasing an additional 71,688 shares in the last quarter. New South Capital Management Inc. purchased a new position in shares of Century Communities in the third quarter worth $10,028,000. Public Sector Pension Investment Board lifted its stake in shares of Century Communities by 10.0% during the third quarter. Public Sector Pension Investment Board now owns 100,759 shares of the construction company’s stock worth $6,385,000 after buying an additional 9,161 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Century Communities during the third quarter valued at $706,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CCS. Citigroup started coverage on Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating for the company. Zacks Research cut Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Finally, B. Riley Financial reissued a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.75.

Insider Buying and Selling at Century Communities

In related news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Price Performance

Shares of NYSE CCS opened at $73.18 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 15.06 and a beta of 1.58. The firm’s 50 day simple moving average is $65.03 and its 200-day simple moving average is $63.58. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.54 earnings per share. Analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities’s payout ratio is 23.87%.

Century Communities Profile

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.