Millennium Management LLC Acquires 19,630 Shares of Century Communities, Inc. (NYSE:CCS)

Millennium Management LLC grew its position in shares of Century Communities, Inc. (NYSE:CCS) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,607 shares of the construction company’s stock after purchasing an additional 19,630 shares during the period. Millennium Management LLC owned approximately 0.43% of Century Communities worth $11,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CCS. Westwood Holdings Group Inc. grew its position in Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after acquiring an additional 409,068 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Century Communities in the second quarter worth about $7,419,000. First Trust Advisors LP grew its position in Century Communities by 27.8% in the fourth quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after acquiring an additional 73,991 shares in the last quarter. Marshall Wace LLP grew its position in Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after acquiring an additional 66,029 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Century Communities by 673.8% in the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock worth $5,430,000 after purchasing an additional 57,904 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the subject of several analyst reports. B. Riley raised their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wedbush raised their price objective on shares of Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th.

Insider Activity

In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred 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 sale, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, 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 transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John P. Box sold 11,282 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Century Communities Stock Down 0.8 %

Shares of NYSE CCS opened at $97.68 on Tuesday. The firm has a 50-day simple moving average of $98.52 and a two-hundred day simple moving average of $89.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities, Inc. has a 1 year low of $58.01 and a 1 year high of $108.42. The company has a market cap of $3.11 billion, a P/E ratio of 10.84 and a beta of 1.85.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. Research analysts anticipate that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio is presently 11.54%.

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.