Connor Clark & Lunn Investment Management Ltd. Boosts Stake in Century Communities, Inc. $CCS

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Century Communities, Inc. (NYSE:CCS) by 18.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,323 shares of the construction company’s stock after purchasing an additional 3,875 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Century Communities worth $1,426,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Century Communities by 11.6% in the first quarter. Envestnet Asset Management Inc. now owns 185,868 shares of the construction company’s stock valued at $12,472,000 after buying an additional 19,385 shares in the last quarter. New York State Common Retirement Fund grew its position in Century Communities by 19.2% in the 1st quarter. New York State Common Retirement Fund now owns 20,452 shares of the construction company’s stock valued at $1,372,000 after acquiring an additional 3,300 shares in the last quarter. CWM LLC increased its stake in Century Communities by 37.8% during the first quarter. CWM LLC now owns 8,199 shares of the construction company’s stock worth $550,000 after purchasing an additional 2,251 shares during the period. Sigma Planning Corp lifted its position in shares of Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after purchasing an additional 200 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Century Communities during the first quarter worth about $311,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock opened at $58.64 on Monday. The company has a market cap of $1.72 billion, a P/E ratio of 8.56 and a beta of 1.53. The firm has a fifty day moving average price of $62.37 and a 200 day moving average price of $59.77. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $95.76.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. The company had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.Century Communities’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.77 EPS. Sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio is currently 16.93%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CCS shares. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and a consensus target price of $85.00.

About Century Communities

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.