17,950 Shares in Century Communities, Inc. $CCS Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the second quarter, HoldingsChannel reports. The firm bought 17,950 shares of the construction company’s stock, valued at approximately $1,011,000. Century Communities makes up approximately 0.9% of Bryce Point Capital LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in Century Communities by 142.3% during the first 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 period. Covestor Ltd lifted its stake in Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after purchasing an additional 555 shares during the period. Jones Financial Companies Lllp lifted its stake in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Century Communities during the first quarter worth about $91,000. Finally, GAMMA Investing LLC lifted its stake in Century Communities by 17.4% during the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after purchasing an additional 275 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

NYSE:CCS opened at $58.39 on Tuesday. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $95.76. The firm has a 50 day moving average of $63.55 and a 200-day moving average of $59.61. 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 has a market capitalization of $1.72 billion, a P/E ratio of 8.52 and a beta of 1.55.

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

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 27th. Century Communities’s payout ratio is 16.93%.

Analyst Ratings Changes

CCS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Century Communities presently has an average rating of “Hold” and an average price target of $85.00.

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.