Edgestream Partners L.P. Has $4.73 Million Holdings in Century Communities, Inc. (NYSE:CCS)

Edgestream Partners L.P. increased its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 257.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,509 shares of the construction company's stock after purchasing an additional 46,477 shares during the quarter. Edgestream Partners L.P. owned approximately 0.21% of Century Communities worth $4,732,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the last quarter. Jennison Associates LLC grew its position in shares of Century Communities by 9.9% in the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock valued at $56,063,000 after purchasing an additional 49,256 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Century Communities by 1,477.5% in the third quarter. Bank of Montreal Can now owns 51,442 shares of the construction company's stock worth $5,307,000 after purchasing an additional 48,181 shares during the period. Basswood Capital Management L.L.C. lifted its holdings in shares of Century Communities by 11.8% during the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock worth $44,896,000 after buying an additional 46,104 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Century Communities during the 3rd quarter valued at $4,403,000. Institutional investors own 99.54% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush reaffirmed a "neutral" rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $103.00.

Century Communities Trading Down 2.7 %

CCS stock traded down $1.90 during trading on Wednesday, hitting $68.43. The company had a trading volume of 206,314 shares, compared to its average volume of 448,402. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 6.58 and a beta of 2.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $73.45 and a 200-day moving average price of $85.59. Century Communities, Inc. has a 12 month low of $66.71 and a 12 month high of $108.42.

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

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.70%. Century Communities's dividend payout ratio (DPR) is presently 11.15%.

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.