Jane Street Group LLC Has $8.30 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Jane Street Group LLC increased its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,561 shares of the construction company's stock after buying an additional 39,341 shares during the quarter. Jane Street Group LLC owned approximately 0.26% of Century Communities worth $8,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock valued at $37,302,000 after buying an additional 295,729 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities during the 2nd quarter worth approximately $7,419,000. Westwood Holdings Group Inc. raised its stake in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after acquiring an additional 89,310 shares during the period. Marshall Wace LLP lifted its holdings in Century Communities by 84.9% during the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after purchasing an additional 66,029 shares during the last quarter. Finally, Algert Global LLC boosted its position in Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company's stock worth $10,069,000 after purchasing an additional 57,341 shares during the period. 99.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CCS has been the topic of several research analyst reports. B. Riley reissued a "buy" rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded 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 report on Friday. Finally, Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th.

Century Communities Stock Performance

NYSE:CCS traded down $2.04 during mid-day trading on Friday, reaching $82.74. 401,289 shares of the company's stock were exchanged, compared to its average volume of 302,887. Century Communities, Inc. has a one year low of $74.76 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The business's fifty day simple moving average is $91.07 and its two-hundred day simple moving average is $91.82. The firm has a market capitalization of $2.59 billion, a PE ratio of 8.25 and a beta of 1.87.

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

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.26%. 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.