Fmr LLC Buys 3,025 Shares of Century Communities, Inc. (NYSE:CCS)

Fmr LLC raised its stake in Century Communities, Inc. (NYSE:CCS) by 162.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,886 shares of the construction company’s stock after purchasing an additional 3,025 shares during the period. Fmr LLC’s holdings in Century Communities were worth $503,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in shares of Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Century Communities in the second quarter valued at $7,419,000. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after buying an additional 89,310 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after buying an additional 66,029 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of Century Communities by 86.9% in the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after acquiring an additional 57,341 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

CCS stock opened at $76.94 on Thursday. The business has a 50 day moving average of $90.01 and a 200-day moving average of $91.83. The firm has a market cap of $2.41 billion, a PE ratio of 7.67 and a beta of 1.87. Century Communities, Inc. has a 12-month low of $74.76 and a 12-month high of $108.42. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. As a group, sell-side analysts expect that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCS. B. Riley reiterated a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $97.00 in a research 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, Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

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.