Marshall Wace LLP Grows Position in Century Communities, Inc. (NYSE:CCS)

Marshall Wace LLP grew its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 660.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 202,518 shares of the construction company's stock after acquiring an additional 175,887 shares during the quarter. Marshall Wace LLP owned 0.65% of Century Communities worth $14,857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after buying an additional 10,453 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Century Communities by 27.9% in the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock valued at $17,328,000 after acquiring an additional 51,589 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after purchasing an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after purchasing an additional 34,046 shares during the period. Finally, Edgestream Partners L.P. grew its position in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after purchasing an additional 46,477 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCS. Wedbush lowered their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Century Communities has an average rating of "Hold" and a consensus price target of $101.33.

Century Communities Price Performance

CCS traded down $0.53 during trading on Friday, hitting $55.76. The company's stock had a trading volume of 436,960 shares, compared to its average volume of 357,355. Century Communities, Inc. has a twelve month low of $52.86 and a twelve month high of $108.42. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The business's fifty day simple moving average is $66.38 and its 200 day simple moving average is $77.38.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. On average, equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is currently 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.