Quadrature Capital Ltd Takes Position in Century Communities, Inc. (NYSE:CCS)

Quadrature Capital Ltd acquired a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,897 shares of the construction company's stock, valued at approximately $813,000.

Several other large investors have also recently added to or reduced their stakes in CCS. Assenagon Asset Management S.A. boosted its position in Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock worth $37,302,000 after acquiring an additional 295,729 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Century Communities in the second quarter worth about $7,419,000. Westwood Holdings Group Inc. grew its position in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after buying an additional 89,310 shares in the last quarter. Marshall Wace LLP increased its stake in Century Communities by 84.9% during the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after buying an additional 66,029 shares during the period. Finally, Algert Global LLC raised its position in shares of Century Communities by 86.9% during the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company's stock worth $10,069,000 after buying an additional 57,341 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

NYSE:CCS traded down $0.26 during trading hours on Friday, reaching $86.55. 185,273 shares of the company's stock were exchanged, compared to its average volume of 325,164. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.71 billion, a P/E ratio of 8.63 and a beta of 1.87. Century Communities, Inc. has a 12 month low of $74.76 and a 12 month high of $108.42. The business's 50-day simple moving average is $92.67 and its two-hundred day simple moving average is $91.82.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $2.58 EPS. The company's revenue was up 23.7% compared to the same quarter last year. Sell-side analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.20%. Century Communities's payout ratio is presently 10.37%.

Analysts Set New Price Targets

CCS has been the topic of a number of research analyst reports. B. Riley reiterated a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush upped their price objective on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a report on Thursday.

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.