Counterpoint Mutual Funds LLC Acquires New Shares in Century Communities, Inc. (NYSE:CCS)

Counterpoint Mutual Funds LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,936 shares of the construction company's stock, valued at approximately $362,000.

A number of other large investors have also made changes to their positions in CCS. Point72 Hong Kong Ltd acquired a new stake in Century Communities during the third quarter worth $51,000. Smartleaf Asset Management LLC lifted its holdings in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares during the period. KBC Group NV boosted its position in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after acquiring an additional 403 shares in the last quarter. R Squared Ltd bought a new stake in Century Communities in the fourth quarter valued at about $142,000. Finally, Daiwa Securities Group Inc. acquired a new position in Century Communities in the third quarter worth about $144,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Century Communities Trading Down 2.4 %

CCS traded down $1.71 during mid-day trading on Friday, reaching $68.60. The stock had a trading volume of 3,359,080 shares, compared to its average volume of 504,374. The firm's fifty day simple moving average is $72.99 and its two-hundred day simple moving average is $84.26. The stock has a market capitalization of $2.12 billion, a P/E ratio of 6.60 and a beta of 2.10. Century Communities, Inc. has a 52 week low of $66.07 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS 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%. On average, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's payout ratio is 11.15%.

About Century Communities

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.