Quantbot Technologies LP Has $1.24 Million Position in Century Communities, Inc. (NYSE:CCS)

Quantbot Technologies LP lifted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,852 shares of the construction company's stock after buying an additional 4,696 shares during the period. Quantbot Technologies LP owned about 0.05% of Century Communities worth $1,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after acquiring an additional 51,021 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Century Communities by 1,477.5% during the third quarter. Bank of Montreal Can now owns 51,442 shares of the construction company's stock worth $5,307,000 after purchasing an additional 48,181 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares in the last quarter. Basswood Capital Management L.L.C. raised its holdings in shares of Century Communities by 11.8% in the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock valued at $44,896,000 after buying an additional 46,104 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Century Communities by 95.4% during the 3rd quarter. Jane Street Group LLC now owns 80,561 shares of the construction company's stock worth $8,296,000 after buying an additional 39,341 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

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

Century Communities Trading Down 3.2 %

NYSE CCS traded down $2.24 during trading on Friday, reaching $66.88. 273,571 shares of the stock traded hands, compared to its average volume of 346,210. Century Communities, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $108.42. 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 firm has a market cap of $2.07 billion, a price-to-earnings ratio of 6.43 and a beta of 2.10. The stock's 50-day moving average price is $72.46 and its 200 day moving average price is $83.02.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) 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%. Analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio is currently 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.