Quadrature Capital Ltd Purchases Shares of 10,413 Century Communities, Inc. (NYSE:CCS)

Quadrature Capital Ltd bought a new position in shares of Century Communities, Inc. (NYSE:CCS – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,413 shares of the construction company’s stock, valued at approximately $446,000.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Century Communities during the 2nd quarter worth about $362,000. CX Institutional increased its stake in Century Communities by 42.8% in the third quarter. CX Institutional now owns 19,070 shares of the construction company’s stock valued at $816,000 after purchasing an additional 5,718 shares during the last quarter. Basswood Capital Management L.L.C. raised its holdings in Century Communities by 17.4% during the second quarter. Basswood Capital Management L.L.C. now owns 220,735 shares of the construction company’s stock worth $9,926,000 after purchasing an additional 32,663 shares in the last quarter. RK Capital Management LLC lifted its position in shares of Century Communities by 153.3% during the 3rd quarter. RK Capital Management LLC now owns 188,700 shares of the construction company’s stock worth $8,073,000 after buying an additional 114,200 shares during the last quarter. Finally, Woodson Capital Management LP acquired a new position in shares of Century Communities in the 2nd quarter valued at $7,645,000. 88.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CCS shares. JPMorgan Chase & Co. cut shares of Century Communities from an “overweight” rating to an “underweight” rating and boosted their price target for the company from $47.50 to $48.00 in a research report on Tuesday, November 22nd. B. Riley raised their price target on Century Communities from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Wedbush reduced their price objective on Century Communities from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Finally, BTIG Research began coverage on shares of Century Communities in a research report on Tuesday, November 29th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.50.

Insider Transactions at Century Communities

In related news, CFO John Scott Dixon sold 3,558 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $53.38, for a total value of $189,926.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Century Communities news, CEO Robert J. Francescon sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $64.05, for a total transaction of $1,601,250.00. Following the sale, the chief executive officer now directly owns 549,561 shares in the company, valued at approximately $35,199,382.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Scott Dixon sold 3,558 shares of the company’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $53.38, for a total transaction of $189,926.04. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Century Communities Stock Down 2.2 %

CCS opened at $57.95 on Friday. Century Communities, Inc. has a 52 week low of $39.00 and a 52 week high of $65.38. The business has a 50 day moving average price of $59.26 and a two-hundred day moving average price of $51.16. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.84 billion, a PE ratio of 3.65 and a beta of 1.73.

Century Communities (NYSE:CCS – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The construction company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.39 by $0.32. Century Communities had a return on equity of 26.64% and a net margin of 11.65%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business earned $4.78 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Century Communities, Inc. will post 6.25 EPS for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a $0.23 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.59%. Century Communities’s payout ratio is presently 5.79%.

Century Communities Profile

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.