Assenagon Asset Management S.A. Has $1.04 Million Holdings in Century Communities, Inc. (NYSE:CCS)

Assenagon Asset Management S.A. lowered its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 96.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,106 shares of the construction company's stock after selling 348,121 shares during the period. Assenagon Asset Management S.A.'s holdings in Century Communities were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CCS. Harbor Capital Advisors Inc. increased its position in shares of Century Communities by 24.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company's stock valued at $847,000 after buying an additional 2,269 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock worth $21,296,000 after acquiring an additional 10,453 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Century Communities by 11.6% during the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after purchasing an additional 51,021 shares during the period. Virtu Financial LLC bought a new position in shares of Century Communities during the 3rd quarter valued at about $340,000. Finally, Barclays PLC grew its position in shares of Century Communities by 8.5% in the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company's stock valued at $7,837,000 after purchasing an additional 5,981 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCS. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. B. Riley reissued a "buy" rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush upped their price target on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th.

Century Communities Stock Down 1.1 %

Shares of NYSE CCS traded down $0.83 during mid-day trading on Friday, hitting $76.77. The company had a trading volume of 176,185 shares, compared to its average volume of 305,558. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $80.05 and a two-hundred day simple moving average of $90.50. The company has a market capitalization of $2.41 billion, a PE ratio of 7.65 and a beta of 1.91. Century Communities, Inc. has a one year low of $68.49 and a one year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly 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. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 EPS. On average, equities analysts expect that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is presently 10.37%.

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.