Russell Investments Group Ltd. Decreases Stake in Century Communities, Inc. (NYSE:CCS)

Russell Investments Group Ltd. cut its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,915 shares of the construction company's stock after selling 4,992 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Century Communities worth $3,882,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after buying an additional 349 shares during the last quarter. KBC Group NV lifted its position in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. Principal Securities Inc. grew its position in Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after acquiring an additional 460 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after buying an additional 569 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of Century Communities by 26.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company's stock worth $323,000 after acquiring an additional 916 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Performance

NYSE:CCS traded up $1.60 during trading hours on Friday, reaching $59.55. The company had a trading volume of 253,671 shares, compared to its average volume of 352,127. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a 1-year low of $55.85 and a 1-year high of $108.42. The business's 50 day moving average price is $67.51 and its 200-day moving average price is $78.51. The firm has a market cap of $1.83 billion, a PE ratio of 5.73 and a beta of 1.76.

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 analysts' consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.95%. Century Communities's dividend payout ratio (DPR) is 11.15%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCS shares. Wedbush reaffirmed a "neutral" rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $103.00.

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.