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

Millennium Management LLC increased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,607 shares of the construction company's stock after buying an additional 19,630 shares during the quarter. Millennium Management LLC owned about 0.43% of Century Communities worth $11,237,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCS. Covestor Ltd raised its stake in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after buying an additional 133 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Century Communities during the 1st quarter worth approximately $57,000. GAMMA Investing LLC raised its stake in Century Communities by 42.5% during the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company's stock worth $87,000 after buying an additional 270 shares during the period. Signaturefd LLC raised its stake in shares of 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 purchasing an additional 115 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Century Communities in the second quarter worth approximately $162,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Century Communities

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the 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 transaction, the chief executive officer now directly owns 477,931 shares of the company's stock, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities 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 directly owns 477,931 shares of the company's stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Century Communities Stock Performance

Shares of CCS traded up $0.95 on Tuesday, reaching $98.64. 127,918 shares of the company's stock traded hands, compared to its average volume of 301,733. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.14 billion, a PE ratio of 10.84 and a beta of 1.85. The stock's 50 day simple moving average is $98.52 and its two-hundred day simple moving average is $89.99. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.46 by $0.19. The company had revenue of $1.02 billion during 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%. Century Communities's revenue was up 24.3% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. On average, analysts forecast that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.05%. The ex-dividend date was Wednesday, August 28th. Century Communities's dividend payout ratio (DPR) is 11.54%.

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.