Dynamic Technology Lab Private Ltd Invests $711,000 in Century Communities, Inc. (NYSE:CCS)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,901 shares of the construction company's stock, valued at approximately $711,000.

A number of other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in Century Communities by 50.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company's stock valued at $3,778,000 after purchasing an additional 13,091 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock worth $196,269,000 after buying an additional 13,861 shares in the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of Century Communities in the third quarter worth $618,000. Seven Eight Capital LP acquired a new stake in Century Communities in the second quarter valued at $624,000. Finally, Quest Partners LLC boosted its stake in Century Communities by 314.1% during the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company's stock valued at $1,470,000 after acquiring an additional 10,827 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCS shares. Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. B. Riley restated a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Century Communities from a "sell" rating to a "hold" rating in a report on Wednesday.

Century Communities Stock Performance

NYSE CCS traded down $0.38 during trading hours on Friday, reaching $90.42. The company's stock had a trading volume of 115,762 shares, compared to its average volume of 301,836. The stock has a market cap of $2.83 billion, a PE ratio of 9.01 and a beta of 1.87. The business has a 50-day simple moving average of $94.00 and a 200 day simple moving average of $91.78. Century Communities, Inc. has a 52 week low of $71.46 and a 52 week high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned $2.58 earnings per share. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's payout ratio is 10.37%.

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.