Charles Schwab Investment Management Inc. Purchases 16,397 Shares of Century Communities, Inc. (NYSE:CCS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 493,480 shares of the construction company's stock after purchasing an additional 16,397 shares during the period. Charles Schwab Investment Management Inc. owned about 1.57% of Century Communities worth $50,819,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after purchasing an additional 287 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Century Communities in the second quarter valued at about $162,000. nVerses Capital LLC raised its stake in shares of Century Communities by 100.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the construction company's stock valued at $180,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Century Communities during the second quarter worth about $180,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Stock Down 0.5 %

Shares of NYSE CCS traded down $0.44 during mid-day trading on Friday, hitting $90.36. 115,762 shares of the stock traded hands, compared to its average volume of 311,131. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 9.01 and a beta of 1.87. The stock has a fifty day moving average price of $94.00 and a 200-day moving average price of $91.82. Century Communities, Inc. has a 52 week low of $71.46 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the company posted $2.58 EPS. Century Communities's revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is presently 10.37%.

Analyst Ratings Changes

A number of brokerages recently commented on CCS. B. Riley reaffirmed a "buy" rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Wedbush lifted their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th.

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.