Edgestream Partners L.P. Trims Holdings in Century Communities, Inc. (NYSE:CCS)

Edgestream Partners L.P. lessened its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 73.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,032 shares of the construction company's stock after selling 50,055 shares during the period. Edgestream Partners L.P. owned approximately 0.06% of Century Communities worth $1,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ausbil Investment Management Ltd purchased a new stake in Century Communities in the third quarter worth $618,000. Seven Eight Capital LP purchased a new stake in Century Communities in the second quarter worth $624,000. Quest Partners LLC increased its stake in Century Communities by 314.1% in the third quarter. Quest Partners LLC now owns 14,274 shares of the construction company's stock worth $1,470,000 after purchasing an additional 10,827 shares during the period. Point72 Asset Management L.P. increased its stake in Century Communities by 15.9% in the second quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company's stock worth $3,408,000 after purchasing an additional 5,733 shares during the period. Finally, Pier Capital LLC increased its stake in shares of Century Communities by 33.0% during the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company's stock valued at $8,098,000 after buying an additional 24,630 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CCS shares. Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. B. Riley restated a "buy" rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Century Communities from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th.

Century Communities Stock Down 2.3 %

NYSE CCS traded down $2.12 during trading on Wednesday, hitting $88.12. The company's stock had a trading volume of 414,725 shares, compared to its average volume of 303,790. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $2.76 billion, a PE ratio of 8.84 and a beta of 1.87. The business's 50 day simple moving average is $93.52 and its 200-day simple moving average is $91.86. Century Communities, Inc. has a fifty-two week low of $74.61 and a fifty-two week high of $108.42.

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 for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company earned $2.58 earnings per share. On average, equities analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, November 27th. Century Communities's payout ratio is 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.