Century Communities, Inc. (NYSE:CCS) Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,243 shares of the construction company’s stock after selling 11,031 shares during the quarter. AlphaQuest LLC’s holdings in Century Communities were worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CCS. Point72 Hong Kong Ltd acquired a new position in Century Communities during the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC grew its stake in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares in the last quarter. KBC Group NV increased its holdings in Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities in the third quarter valued at $144,000. Finally, R Squared Ltd purchased a new stake in Century Communities during the 4th quarter worth about $142,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCS shares. Wedbush reissued a “neutral” rating and set a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report 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 company from $110.00 to $97.00 in a research report on Friday, December 13th. Finally, Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.00.

Century Communities Stock Up 0.9 %

Century Communities stock opened at $68.01 on Friday. The stock’s 50 day moving average price is $73.16 and its 200 day moving average price is $84.99. The company has a market cap of $2.11 billion, a PE ratio of 6.54 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a 1-year low of $66.62 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, sell-side analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. Century Communities’s payout ratio is 11.15%.

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.