Magnetar Financial LLC Makes New $883,000 Investment in Century Communities, Inc. (NYSE:CCS)

Magnetar Financial 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,039 shares of the construction company's stock, valued at approximately $883,000.

A number of other institutional investors have also recently bought and sold shares of CCS. Franklin Resources Inc. increased its holdings in shares of Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after acquiring an additional 51,021 shares in the last quarter. Bank of Montreal Can increased its stake in Century Communities by 1,477.5% during the 3rd 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 in the last quarter. Edgestream Partners L.P. raised its holdings in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after buying an additional 46,477 shares during the period. Basswood Capital Management L.L.C. lifted its stake in Century Communities by 11.8% in the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock valued at $44,896,000 after buying an additional 46,104 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Century Communities in the third quarter valued at approximately $4,403,000. Institutional investors and hedge funds own 99.54% of the company's stock.

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Wall Street Analyst Weigh In

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

Century Communities Stock Down 0.2 %

Shares of NYSE:CCS traded down $0.13 during midday trading on Wednesday, reaching $69.51. The company had a trading volume of 237,605 shares, compared to its average volume of 322,380. Century Communities, Inc. has a 1-year low of $66.07 and a 1-year high of $108.42. The stock has a market cap of $2.15 billion, a PE ratio of 6.68 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 business's 50 day moving average price is $72.94 and its 200 day moving average price is $83.50.

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

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. Century Communities's payout ratio is currently 11.15%.

Century Communities 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.