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

AlphaQuest LLC trimmed its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 77.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,243 shares of the construction company's stock after selling 11,031 shares during the period. AlphaQuest LLC's holdings in Century Communities were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCS. Jennison Associates LLC lifted its stake in shares of Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock valued at $56,063,000 after buying an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock worth $38,699,000 after purchasing an additional 34,046 shares during the period. Franklin Resources Inc. lifted its stake in shares of Century Communities by 11.6% during the 3rd 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. Basswood Capital Management L.L.C. boosted its holdings in shares of Century Communities by 11.8% during the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock worth $44,896,000 after purchasing an additional 46,104 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Century Communities by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company's stock valued at $21,579,000 after purchasing an additional 11,389 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

CCS has been the subject of a number of recent research reports. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. StockNews.com lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and decreased their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, Wedbush reaffirmed a "neutral" rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $103.00.

Century Communities Stock Up 2.1 %

Shares of Century Communities stock traded up $1.44 on Wednesday, hitting $70.15. 254,144 shares of the company's stock traded hands, compared to its average volume of 448,472. Century Communities, Inc. has a 52-week low of $66.07 and a 52-week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.17 billion, a P/E ratio of 6.75 and a beta of 2.10. The firm's 50-day moving average is $73.07 and its 200 day moving average is $84.45.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current 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 given a dividend of $0.29 per share. This is a boost 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 1.65%. Century Communities's dividend payout ratio (DPR) is presently 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.