Rock Creek Group LP Invests $563,000 in Century Communities, Inc. $CCS

Rock Creek Group LP invested $563,000 in Century Communities, Inc. by purchasing 10,000 shares. Other investors also adjusted their stakes in CCS. Analysts have given CCS a 'Hold' rating with a target price of $85. CCS reported strong quarterly earnings, beating estimates, but revenue declined year-over-year. The company announced a quarterly dividend of $0.29 per share, with a yield of 1.9%. Century Communities designs and sells homes, offering mortgage and insurance services.

Rock Creek Group LP purchased a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 10,000 shares of the construction company's stock, valued at approximately $563,000.

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Several other large investors have also recently added to or reduced their stakes in CCS. Penserra Capital Management LLC raised its holdings in shares of Century Communities by 34.9% during the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company's stock worth $257,000 after purchasing an additional 1,180 shares during the period. American Century Companies Inc. boosted its holdings in shares of Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company's stock valued at $4,272,000 after buying an additional 5,600 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Century Communities in the 2nd quarter valued at about $582,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Century Communities during the 1st quarter valued at about $311,000. Finally, Jump Financial LLC raised its stake in Century Communities by 109.7% during the first quarter. Jump Financial LLC now owns 14,188 shares of the construction company's stock worth $952,000 after acquiring an additional 7,421 shares during the period. 99.54% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on CCS shares. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research upgraded Century Communities from a "strong sell" rating to a "hold" rating in a research report on Friday, September 26th. Weiss Ratings restated a "hold (c)" rating on shares of Century Communities in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Century Communities in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $85.00.

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View Our Latest Stock Analysis on CCS

Century Communities Stock Performance

CCS opened at $61.04 on Friday. The business's 50 day moving average is $61.28 and its 200-day moving average is $59.84. The stock has a market cap of $1.79 billion, a PE ratio of 8.91 and a beta of 1.53. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $95.76.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The business had revenue of $980.28 million during the quarter, compared to analyst estimates of $906.10 million. During the same period in the prior year, the company posted $2.77 EPS. The business's revenue for the quarter was down 13.8% compared to the same quarter last year. On average, analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. Century Communities's dividend payout ratio (DPR) is 16.93%.

Century Communities Company Profile

(Free Report)

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.

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