Park Avenue Securities LLC Has $303,000 Holdings in Century Communities, Inc. (NYSE:CCS)

Park Avenue Securities LLC trimmed its position in shares of Century Communities, Inc. (NYSE:CCS) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 3,144 shares of the construction company’s stock after selling 180 shares during the quarter. Park Avenue Securities LLC’s holdings in Century Communities were worth $303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Century Communities by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after buying an additional 12,024 shares during the period. Trexquant Investment LP purchased a new stake in Century Communities in the 3rd quarter worth about $1,164,000. Qube Research & Technologies Ltd boosted its position in Century Communities by 283.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after acquiring an additional 23,742 shares during the period. Toroso Investments LLC grew its stake in Century Communities by 6.4% during the 3rd quarter. Toroso Investments LLC now owns 21,929 shares of the construction company’s stock valued at $1,464,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of Century Communities in the 3rd quarter valued at about $434,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wedbush upgraded shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price target for the company in a report on Friday, May 31st.

Century Communities Stock Up 2.2 %

Shares of Century Communities stock opened at $81.66 on Monday. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92. The stock has a market capitalization of $2.60 billion, a P/E ratio of 9.06 and a beta of 1.82. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $82.74 and a two-hundred day moving average price of $85.80.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.67. The business had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. Equities analysts expect that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 1.27%. Century Communities’s dividend payout ratio (DPR) is 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.