Proficio Capital Partners LLC Takes Position in Century Communities, Inc. (NYSE:CCS)

Proficio Capital Partners LLC bought a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,958 shares of the construction company's stock, valued at approximately $877,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in Century Communities by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock valued at $1,157,000 after purchasing an additional 349 shares in the last quarter. KBC Group NV grew its holdings in Century Communities by 44.3% in the fourth 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 during the last quarter. Principal Securities Inc. increased its position 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 valued at $156,000 after buying an additional 460 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities during the 3rd quarter worth $51,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after buying an additional 569 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 1.1 %

Shares of NYSE:CCS traded down $0.76 during trading on Tuesday, reaching $69.65. The stock had a trading volume of 304,968 shares, compared to its average volume of 322,816. 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 stock has a market cap of $2.16 billion, a P/E ratio of 6.70 and a beta of 2.10. The business has a fifty day moving average price of $72.99 and a 200-day moving average price of $83.69. Century Communities, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $108.42.

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Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is presently 11.15%.

Wall Street Analysts Forecast Growth

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

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.