Quest Partners LLC Purchases Shares of 3,447 Century Communities, Inc. (NYSE:CCS)

Quest Partners LLC purchased a new stake in Century Communities, Inc. (NYSE:CCS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,447 shares of the construction company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP purchased a new position in Century Communities in the 2nd quarter valued at approximately $855,000. Arizona State Retirement System boosted its position in Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after buying an additional 147 shares during the period. Versor Investments LP boosted its position in Century Communities by 22.2% in the 2nd quarter. Versor Investments LP now owns 4,946 shares of the construction company’s stock valued at $404,000 after buying an additional 900 shares during the period. nVerses Capital LLC boosted its position in Century Communities by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock valued at $180,000 after buying an additional 1,100 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in Century Communities in the 2nd quarter valued at approximately $428,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Century Communities stock opened at $103.41 on Friday. The stock has a market cap of $3.24 billion, a P/E ratio of 11.48 and a beta of 1.86. The company has a fifty day simple moving average of $95.54 and a 200-day simple moving average of $88.26. 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.

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

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.01%. Century Communities’s dividend payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

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.