Century Communities, Inc. (NYSE:CCS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Century Communities, Inc. (NYSE:CCS) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,900 shares of the construction company’s stock after purchasing an additional 611 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Century Communities worth $1,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after acquiring an additional 569 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after purchasing an additional 688 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Century Communities in the 4th quarter valued at about $74,000. KBC Group NV lifted its position in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Century Communities in the fourth quarter worth about $142,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of NYSE:CCS opened at $53.01 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $59.64 and a 200 day simple moving average of $71.29. Century Communities, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $108.42. The company has a market cap of $1.62 billion, a PE ratio of 5.10 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same period last year, the firm posted $2.22 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.19%. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wedbush cut their price objective on Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Century Communities has a consensus rating of “Hold” and an average target price of $101.33.

Insider Buying and Selling

In related news, Director Elisa Z. Ramirez purchased 1,500 shares of the company’s stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the transaction, the director now owns 8,481 shares of the company’s stock, valued at $456,786.66. This represents a 21.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased 2,400 shares of company stock valued at $130,426 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

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.