Assenagon Asset Management S.A. Acquires 295,729 Shares of Century Communities, Inc. (NYSE:CCS)

Assenagon Asset Management S.A. raised its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 444.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 362,227 shares of the construction company's stock after buying an additional 295,729 shares during the period. Assenagon Asset Management S.A. owned about 1.14% of Century Communities worth $37,302,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCS. Covestor Ltd boosted its stake in shares of Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock valued at $26,000 after buying an additional 133 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Century Communities in the 1st quarter valued at $57,000. Signaturefd LLC lifted its stake in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after purchasing an additional 115 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after purchasing an additional 287 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities in the 2nd quarter valued at $162,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday. Wedbush lifted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday.

Insider Buying and Selling

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

Century Communities Stock Performance

CCS traded down $3.53 during trading on Friday, hitting $90.35. The stock had a trading volume of 263,682 shares, compared to its average volume of 300,811. The firm has a market cap of $2.87 billion, a PE ratio of 10.42 and a beta of 1.85. Century Communities, Inc. has a 12 month low of $59.69 and a 12 month high of $108.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $99.18 and a 200-day simple moving average of $90.55.

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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. Analysts expect that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.15%. Century Communities's dividend payout ratio (DPR) is presently 11.54%.

About Century Communities

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.