Charles Schwab Investment Management Inc. Grows Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Charles Schwab Investment Management Inc. raised its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 527,526 shares of the construction company's stock after acquiring an additional 34,046 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.70% of Century Communities worth $38,699,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Royce & Associates LP increased its holdings in shares of Century Communities by 1.6% in the third quarter. Royce & Associates LP now owns 63,809 shares of the construction company's stock valued at $6,571,000 after purchasing an additional 980 shares during the last quarter. Quest Partners LLC increased its stake in shares of Century Communities by 314.1% in the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company's stock worth $1,470,000 after acquiring an additional 10,827 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of 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. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Century Communities during the 3rd quarter valued at about $4,403,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Century Communities in the third quarter valued at about $921,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

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Century Communities Stock Up 2.0 %

CCS traded up $1.37 during trading hours on Wednesday, hitting $70.08. 174,535 shares of the company's stock were exchanged, compared to its average volume of 448,094. The firm has a market cap of $2.17 billion, a P/E ratio of 6.74 and a beta of 2.10. Century Communities, Inc. has a 12-month low of $66.07 and a 12-month high of $108.42. 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 firm has a 50 day moving average of $73.07 and a 200 day moving average of $84.45.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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%. Analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is presently 11.15%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush reaffirmed a "neutral" rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and decreased their price target 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 given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.