Barclays PLC Purchases 5,981 Shares of Century Communities, Inc. (NYSE:CCS)

Barclays PLC lifted its position in shares of Century Communities, Inc. (NYSE:CCS) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,114 shares of the construction company’s stock after purchasing an additional 5,981 shares during the period. Barclays PLC owned 0.24% of Century Communities worth $7,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Century Communities by 444.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after acquiring an additional 295,729 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Century Communities during the second quarter worth about $7,419,000. Westwood Holdings Group Inc. grew its position in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Marshall Wace LLP increased its position in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after acquiring an additional 66,029 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Century Communities by 86.9% in the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Trading Down 1.3 %

NYSE CCS opened at $81.27 on Wednesday. Century Communities, Inc. has a 52 week low of $74.76 and a 52 week high of $108.42. The company has a 50 day moving average price of $90.43 and a 200 day moving average price of $91.93. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.55 billion, a PE ratio of 8.10 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. As a group, sell-side analysts forecast that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CCS shares. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

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.