Connor Clark & Lunn Investment Management Ltd. Sells 13,271 Shares of Century Communities, Inc. (NYSE:CCS)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,488 shares of the construction company's stock after selling 13,271 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Century Communities worth $2,163,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCS. Franklin Resources Inc. grew its holdings in 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 acquiring an additional 51,021 shares during the period. Jennison Associates LLC grew its holdings in Century Communities by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock worth $56,063,000 after acquiring an additional 49,256 shares during the period. Bank of Montreal Can grew its holdings in Century Communities by 1,477.5% during the 3rd quarter. Bank of Montreal Can now owns 51,442 shares of the construction company's stock worth $5,307,000 after acquiring an additional 48,181 shares during the period. Edgestream Partners L.P. grew its holdings 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 acquiring an additional 46,477 shares during the period. Finally, Basswood Capital Management L.L.C. grew its stake in shares of Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock valued at $44,896,000 after buying an additional 46,104 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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Century Communities Stock Down 2.4 %

NYSE CCS traded down $1.71 during trading hours on Friday, hitting $68.60. The company's stock had a trading volume of 3,359,080 shares, compared to its average volume of 322,366. Century Communities, Inc. has a 52 week low of $66.07 and a 52 week high of $108.42. The company has a market capitalization of $2.12 billion, a PE ratio of 6.60 and a beta of 2.10. 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 company's 50-day simple moving average is $72.98 and its two-hundred day simple moving average is $84.04.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share 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%. Research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Analyst Ratings Changes

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

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.