Century Communities, Inc. $CCS Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in Century Communities, Inc. (NYSE:CCS) by 51.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,713 shares of the construction company’s stock after acquiring an additional 12,418 shares during the quarter. Hsbc Holdings PLC’s holdings in Century Communities were worth $2,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCS. US Bancorp DE grew 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 during the last quarter. Benjamin Edwards Inc. boosted its holdings in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after buying an additional 266 shares in the last quarter. GAMMA Investing LLC grew its position in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after buying an additional 275 shares during the last quarter. Boston Partners increased its holdings in shares of Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company’s stock valued at $615,000 after buying an additional 314 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Century Communities by 4.1% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 8,414 shares of the construction company’s stock valued at $474,000 after acquiring an additional 329 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CCS. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a research report on Thursday. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and an average price target of $71.33.

Century Communities Stock Performance

Shares of CCS stock opened at $62.17 on Friday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 9.08 and a beta of 1.53. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $88.84. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $61.08 and its 200-day simple moving average is $60.46.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm had revenue of $980.28 million during the quarter, compared to analyst estimates of $906.10 million. During the same period last year, the company posted $2.77 EPS. The business’s quarterly revenue was down 13.8% compared to the same quarter last year. On average, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is currently 16.93%.

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.