SG Americas Securities LLC Lowers Stock Holdings in Century Communities, Inc. $CCS

SG Americas Securities LLC lowered its position in shares of Century Communities, Inc. (NYSE:CCS) by 89.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,496 shares of the construction company’s stock after selling 37,106 shares during the period. SG Americas Securities LLC’s holdings in Century Communities were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Traub Capital Management LLC purchased a new position in shares of Century Communities during the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC grew its position in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Century Communities by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after acquiring an additional 275 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after acquiring an additional 173 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCS has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 target price on shares of Century Communities in a research report on Thursday, December 4th. Citigroup started coverage on shares of Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Finally, Citizens Jmp assumed coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Century Communities currently has a consensus rating of “Hold” and an average price target of $76.50.

Century Communities Price Performance

Shares of Century Communities stock opened at $63.48 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $80.53. The company has a fifty day moving average of $62.76 and a 200-day moving average of $62.48. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.27 and a beta of 1.56.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is 16.93%.

About Century Communities

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.