Connor Clark & Lunn Investment Management Ltd. Invests $4.40 Million in Century Communities, Inc. (NYSE:CCS)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,759 shares of the construction company's stock, valued at approximately $4,403,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Century Communities as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CCS. Vanguard Group Inc. grew its position in Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock worth $196,269,000 after purchasing an additional 13,861 shares during the last quarter. Covestor Ltd raised its stake in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock valued at $26,000 after acquiring an additional 133 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Century Communities by 10.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,636 shares of the construction company's stock worth $2,760,000 after acquiring an additional 2,627 shares during the period. Natixis purchased a new position in shares of Century Communities in the 1st quarter valued at approximately $247,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Century Communities by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,474 shares of the construction company's stock valued at $2,073,000 after purchasing an additional 1,034 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCS has been the subject of several recent research reports. Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. Finally, B. Riley restated a "buy" rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Insider Activity at Century Communities

In other news, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 11.90% of the company's stock.

Century Communities Price Performance

Century Communities stock traded up $1.45 during trading hours on Friday, hitting $88.69. The stock had a trading volume of 310,006 shares, compared to its average volume of 318,054. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.84 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 1-year low of $70.82 and a 1-year high of $108.42. The stock's fifty day moving average is $95.31 and its two-hundred day moving average is $91.57.

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

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. Century Communities's dividend payout ratio is currently 10.37%.

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.