Centiva Capital LP Buys New Position in Century Communities, Inc. (NYSE:CCS)

Centiva Capital LP bought a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,442 shares of the construction company's stock, valued at approximately $663,000.

Several other large investors have also recently modified their holdings of CCS. Assenagon Asset Management S.A. boosted its stake 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 purchasing an additional 295,729 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Century Communities in the second quarter valued at approximately $7,419,000. Westwood Holdings Group Inc. grew its stake in Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after acquiring an additional 89,310 shares in the last quarter. Marshall Wace LLP grew its stake in 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 Century Communities by 86.9% during the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company's stock worth $10,069,000 after acquiring an additional 57,341 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analysts Set New Price Targets

CCS has been the topic of a number of recent analyst reports. B. Riley reiterated a "buy" rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Wedbush boosted their price objective on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th.

Century Communities Trading Down 0.3 %

Shares of CCS traded down $0.26 during trading hours on Friday, hitting $86.55. The company had a trading volume of 185,273 shares, compared to its average volume of 325,164. Century Communities, Inc. has a 52-week low of $74.76 and a 52-week high of $108.42. 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 stock's 50 day moving average price is $92.67 and its 200 day moving average price is $91.82. The firm has a market cap of $2.71 billion, a P/E ratio of 8.63 and a beta of 1.87.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. The business's revenue was up 23.7% on a year-over-year basis. On average, research analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is presently 10.37%.

Century Communities Company 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.