Trexquant Investment LP Trims Stake in Century Communities, Inc. (NYSE:CCS)

Trexquant Investment LP lessened its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,505 shares of the construction company's stock after selling 21,451 shares during the quarter. Trexquant Investment LP owned about 0.14% of Century Communities worth $3,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCS. FMR LLC increased its position in shares of Century Communities by 162.5% during the third quarter. FMR LLC now owns 4,886 shares of the construction company's stock worth $503,000 after purchasing an additional 3,025 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Century Communities by 1.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,683 shares of the construction company's stock worth $7,794,000 after buying an additional 960 shares during the last quarter. Benjamin Edwards Inc. increased its position in Century Communities by 20.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,047 shares of the construction company's stock valued at $520,000 after buying an additional 866 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Century Communities in the third quarter valued at about $543,000. Finally, Quadrature Capital Ltd acquired a new stake in Century Communities in the third quarter worth about $813,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCS. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush reissued a "neutral" rating and set a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and decreased their price target for the stock from $110.00 to $97.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of "Hold" and a consensus price target of $103.00.

Century Communities Stock Performance

Shares of NYSE:CCS traded down $0.32 during trading on Friday, hitting $59.00. The stock had a trading volume of 363,936 shares, compared to its average volume of 350,692. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12-month low of $55.85 and a 12-month high of $108.42. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 5.67 and a beta of 1.76. The stock has a 50-day simple moving average of $69.10 and a two-hundred day simple moving average of $79.84.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, equities research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.97%. Century Communities's payout ratio is currently 11.15%.

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.