Quest Partners LLC Purchases 10,827 Shares of Century Communities, Inc. (NYSE:CCS)

Quest Partners LLC boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 314.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,274 shares of the construction company's stock after purchasing an additional 10,827 shares during the period. Quest Partners LLC's holdings in Century Communities were worth $1,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Century Communities by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock valued at $196,269,000 after acquiring an additional 13,861 shares during the period. Westwood Holdings Group Inc. increased 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 acquiring an additional 89,310 shares during the period. Assenagon Asset Management S.A. increased its position in Century Communities by 444.7% in 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. Clearbridge Investments LLC increased its position in Century Communities by 2.4% in the 1st quarter. Clearbridge Investments LLC now owns 291,475 shares of the construction company's stock valued at $28,127,000 after acquiring an additional 6,895 shares during the period. Finally, Marshall Wace LLP increased its position in Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after acquiring an additional 66,029 shares during the period. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Up 0.8 %

Shares of CCS stock traded up $0.65 during trading hours on Wednesday, reaching $86.45. The company had a trading volume of 282,061 shares, compared to its average volume of 301,478. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 8.55 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 12 month low of $70.82 and a 12 month high of $108.42. The business has a fifty day simple moving average of $96.02 and a 200-day simple moving average of $91.56.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $2.58 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. On average, research analysts expect that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given 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 dividend yield of 1.20%. Century Communities's dividend payout ratio is currently 10.37%.

Insiders Place Their Bets

In other Century Communities news, Director John P. Box sold 11,282 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company's stock, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCS. Wedbush increased their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. B. Riley reiterated a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Tuesday.

About Century Communities

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.