AQR Capital Management LLC Has $1.71 Million Position in Century Communities, Inc. (NYSE:CCS)

AQR Capital Management LLC grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 80.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,942 shares of the construction company's stock after purchasing an additional 9,353 shares during the quarter. AQR Capital Management LLC owned 0.07% of Century Communities worth $1,710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caxton Associates LP grew its holdings in Century Communities by 82.8% during the 2nd quarter. Caxton Associates LP now owns 27,127 shares of the construction company's stock valued at $2,215,000 after purchasing an additional 12,290 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Century Communities by 38.7% during the second quarter. Squarepoint Ops LLC now owns 64,836 shares of the construction company's stock valued at $5,295,000 after acquiring an additional 18,075 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Century Communities during the second quarter valued at about $7,419,000. Aristeia Capital L.L.C. acquired a new stake in Century Communities during the 2nd quarter valued at approximately $568,000. Finally, Marshall Wace LLP raised its position in shares of Century Communities by 84.9% in 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 in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCS shares. B. Riley upped their price target on shares of Century Communities from $110.00 to $113.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Wedbush lifted their target price on Century Communities from $82.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th.

Century Communities Stock Performance

Shares of Century Communities stock traded down $1.56 during trading hours on Thursday, reaching $95.99. The company's stock had a trading volume of 239,940 shares, compared to its average volume of 301,097. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. Century Communities, Inc. has a one year low of $58.01 and a one year high of $108.42. The company's 50 day simple moving average is $98.14 and its 200 day simple moving average is $90.13. The stock has a market cap of $3.05 billion, a P/E ratio of 10.67 and a beta of 1.85.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business's revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. As a group, analysts expect that Century Communities, Inc. will post 10.98 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities's dividend payout ratio (DPR) is 11.54%.

Insider Transactions at Century Communities

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director John P. Box sold 11,282 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company's stock, valued at approximately $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the sale, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

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.