Aristeia Capital L.L.C. Takes $568,000 Position in Century Communities, Inc. (NYSE:CCS)

Aristeia Capital L.L.C. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,956 shares of the construction company’s stock, valued at approximately $568,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Century Communities in the 4th quarter worth approximately $215,000. Norges Bank purchased a new stake in Century Communities in the fourth quarter worth $11,727,000. Franklin Resources Inc. boosted its holdings in Century Communities by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 204,001 shares of the construction company’s stock valued at $18,593,000 after acquiring an additional 1,457 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Century Communities during the 4th quarter valued at $370,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Century Communities in the 4th quarter worth $509,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CCS. B. Riley boosted their price target 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 upped their target price on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.

Century Communities Stock Down 0.3 %

NYSE:CCS opened at $102.97 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day moving average price is $97.88 and its 200-day moving average price is $89.11. The company has a market capitalization of $3.27 billion, a PE ratio of 11.43 and a beta of 1.86. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $108.42.

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

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Insiders Place Their Bets

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

Century Communities 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.