Sei Investments Co. Raises Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Sei Investments Co. increased its position in Century Communities, Inc. (NYSE:CCS) by 34.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,471 shares of the construction company’s stock after purchasing an additional 13,328 shares during the period. Sei Investments Co.’s holdings in Century Communities were worth $4,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCS. Covestor Ltd boosted its holdings in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after acquiring an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Century Communities in the first quarter worth $57,000. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 270 shares in the last quarter. Signaturefd LLC boosted its holdings in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after acquiring an additional 115 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Century Communities in the second quarter worth $162,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Trading Down 0.4 %

Shares of NYSE:CCS opened at $102.53 on Wednesday. The company has a market cap of $3.26 billion, a P/E ratio of 11.38 and a beta of 1.86. 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 stock’s fifty day moving average price is $98.40 and its 200-day moving average price is $89.64.

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

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis 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 presently 11.54%.

Analyst Upgrades and Downgrades

CCS has been the topic of several analyst reports. B. Riley boosted their target price on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wedbush boosted 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.

Insider Activity at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was 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 in the company, valued at $44,275,527.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director John P. Box sold 11,282 shares of the company’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 sale, the director now 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 can be accessed through this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction 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 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. 11.90% of the stock is owned by company insiders.

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.