Y Intercept Hong Kong Ltd Buys New Holdings in Century Communities, Inc. $CCS

Y Intercept Hong Kong Ltd bought a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 13,589 shares of the construction company’s stock, valued at approximately $861,000.

Several other hedge funds have also recently bought and sold shares of the business. Penserra Capital Management LLC grew its position in Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after buying an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Century Communities in the 2nd quarter worth $582,000. Creative Planning raised its position in shares of Century Communities by 117.2% during the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock worth $2,134,000 after purchasing an additional 20,447 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Century Communities during the third quarter valued at $2,826,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

CCS has been the subject of a number of analyst reports. Citizens Jmp assumed coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $56.00 price target on shares of Century Communities in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Citigroup initiated coverage on shares of Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating on the stock. Finally, B. Riley reiterated a “buy” rating on shares of Century Communities in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.50.

Century Communities Stock Performance

Shares of Century Communities stock opened at $63.07 on Monday. The firm has a fifty day moving average of $63.10 and a two-hundred day moving average of $62.56. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $78.05. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.98 and a beta of 1.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.39 by $0.20. The firm had revenue of $1.23 billion during 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 business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.54 earnings per share. As a group, equities research analysts predict 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 was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s dividend payout ratio is currently 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.