Proficio Capital Partners LLC Invests $877,000 in Century Communities, Inc. (NYSE:CCS)

Proficio Capital Partners LLC bought a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,958 shares of the construction company's stock, valued at approximately $877,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities during the third quarter valued at approximately $51,000. KBC Group NV lifted its holdings in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after purchasing an additional 403 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 3rd quarter worth $144,000. R Squared Ltd acquired a new stake in shares of Century Communities in the fourth quarter valued at about $142,000. Finally, Principal Securities Inc. lifted its stake in shares of Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

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

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Century Communities Trading Down 2.5 %

Shares of CCS stock traded down $1.73 during trading on Wednesday, hitting $68.60. 169,376 shares of the stock traded hands, compared to its average volume of 448,018. Century Communities, Inc. has a 52-week low of $66.71 and a 52-week high of $108.42. The firm has a market capitalization of $2.12 billion, a P/E ratio of 6.60 and a beta of 2.10. The firm's fifty day moving average price is $73.45 and its 200-day moving average price is $85.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating 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%. As a group, research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is 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.