GSA Capital Partners LLP Invests $1.35 Million in Century Communities, Inc. $CCS

GSA Capital Partners LLP acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,878 shares of the construction company’s stock, valued at approximately $1,353,000. GSA Capital Partners LLP owned 0.07% of Century Communities at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CCS. ProShare Advisors LLC lifted its stake in Century Communities by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock worth $301,000 after purchasing an additional 155 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the period. Quadrant Capital Group LLC grew its position in shares of Century Communities by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock valued at $793,000 after purchasing an additional 173 shares in the last quarter. CWM LLC grew its position in shares of Century Communities by 1.7% during the 4th quarter. CWM LLC now owns 17,745 shares of the construction company’s stock valued at $1,053,000 after purchasing an additional 292 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of Century Communities by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock valued at $867,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. B. Riley Financial lowered Century Communities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. reduced their target price on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.00.

Century Communities Price Performance

Shares of NYSE:CCS opened at $70.60 on Monday. The stock has a market cap of $2.01 billion, a PE ratio of 15.48 and a beta of 1.30. The company’s fifty day moving average is $66.50 and its 200 day moving average is $62.37. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. Research analysts anticipate that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities’s payout ratio is 28.07%.

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.