10,304 Shares in Century Communities, Inc. (NYSE:CCS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,304 shares of the construction company's stock, valued at approximately $1,061,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in shares of Century Communities in the first quarter worth $202,000. Assenagon Asset Management S.A. boosted its position in shares of Century Communities by 673.8% in the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company's stock worth $5,430,000 after acquiring an additional 57,904 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company's stock worth $796,000 after buying an additional 186 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Century Communities by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company's stock valued at $1,160,000 after purchasing an additional 200 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Century Communities in the second quarter valued at $162,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Trading Down 2.6 %

CCS stock traded down $2.17 during midday trading on Friday, hitting $82.61. 401,289 shares of the company's stock were exchanged, compared to its average volume of 302,887. Century Communities, Inc. has a one year low of $74.76 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock's fifty day moving average price is $91.39 and its 200-day moving average price is $91.83. The company has a market cap of $2.59 billion, a PE ratio of 8.26 and a beta of 1.87.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The company's quarterly revenue was up 23.7% compared to the same quarter last year. Research analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.26%. Century Communities's payout ratio is 10.37%.

Wall Street Analyst Weigh In

CCS has been the subject of a number of analyst reports. B. Riley restated a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Wedbush boosted their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and reduced their price target for the stock from $110.00 to $97.00 in a research report on Friday.

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.