Edgestream Partners L.P. Grows Position in Century Communities, Inc. (NYSE:CCS)

Edgestream Partners L.P. raised its stake in Century Communities, Inc. (NYSE:CCS) by 118.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,087 shares of the construction company’s stock after acquiring an additional 36,875 shares during the period. Edgestream Partners L.P. owned approximately 0.21% of Century Communities worth $5,560,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Covestor Ltd grew its holdings in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Century Communities in the first quarter valued at $57,000. GAMMA Investing LLC increased its position in Century Communities by 42.5% in the first quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC raised its stake in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Century Communities during the second quarter valued at $162,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCS shares. B. Riley upped their target price on shares of Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Wedbush raised their price objective on Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th.

Century Communities Price Performance

Century Communities stock opened at $103.74 on Tuesday. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $107.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $96.02 and a 200-day moving average price of $88.41. The firm has a market capitalization of $3.30 billion, a PE ratio of 11.51 and a beta of 1.86.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.19. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, equities research analysts forecast that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. Century Communities’s payout ratio is 11.54%.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

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.