Quantbot Technologies LP Sells 22,633 Shares of Century Communities, Inc. (NYSE:CCS)

Quantbot Technologies LP decreased its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 65.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,156 shares of the construction company's stock after selling 22,633 shares during the period. Quantbot Technologies LP's holdings in Century Communities were worth $1,252,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. increased its stake in shares of Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock worth $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Jennison Associates LLC boosted its holdings in Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock worth $56,063,000 after buying an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Century Communities by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company's stock valued at $50,819,000 after buying an additional 16,397 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 valued at $37,302,000 after acquiring an additional 295,729 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock worth $11,740,000 after acquiring an additional 66,029 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCS. B. Riley reiterated a "buy" rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush lifted their target price 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 raised shares of Century Communities from a "sell" rating to a "hold" rating in a report on Wednesday.

Century Communities Price Performance

Shares of Century Communities stock traded down $0.44 during trading on Friday, hitting $90.36. The stock had a trading volume of 115,762 shares, compared to its average volume of 311,131. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $71.46 and a 12 month high of $108.42. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 9.01 and a beta of 1.87. The business's 50-day moving average is $94.00 and its 200 day moving average is $91.83.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the firm posted $2.58 EPS. The company's revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. Century Communities's dividend payout ratio is presently 10.37%.

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.