Jupiter Topco LLC Makes New Investment in Century Communities, Inc. $CCS

Jupiter Topco LLC bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,848 shares of the construction company’s stock, valued at approximately $922,000.

Several other large investors have also modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after purchasing an additional 910 shares in the last quarter. AQR Capital Management LLC raised its stake in Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after buying an additional 41,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Century Communities by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after buying an additional 529 shares during the period. Jones Financial Companies Lllp lifted its holdings in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. Finally, Intech Investment Management LLC boosted its position in Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after acquiring an additional 3,026 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Trading Up 1.0%

Shares of Century Communities stock opened at $64.55 on Friday. The firm’s 50 day simple moving average is $68.22 and its two-hundred day simple moving average is $62.40. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.16 and a beta of 1.30. Century Communities, Inc. has a 12-month low of $47.28 and a 12-month high of $76.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts predict that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. Century Communities’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of analyst reports. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Finally, Zacks Research upgraded Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Century Communities presently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.