R Squared Ltd Takes $142,000 Position in Century Communities, Inc. (NYSE:CCS)

R Squared Ltd purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,940 shares of the construction company’s stock, valued at approximately $142,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Century Communities by 14.1% during the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after purchasing an additional 161 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Century Communities by 7.8% in the third quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company’s stock valued at $359,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC raised its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after purchasing an additional 287 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Century Communities by 3.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after buying an additional 319 shares in the last quarter. Finally, KBC Group NV boosted its position in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush boosted their price target 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. Finally, B. Riley reaffirmed a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Price Performance

Century Communities stock opened at $74.67 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.34 billion, a P/E ratio of 7.44 and a beta of 1.91. The business has a 50-day moving average of $79.74 and a 200-day moving average of $90.48. Century Communities, Inc. has a 1 year low of $68.49 and a 1 year high of $108.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. On average, equities analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Century Communities’s payout ratio is 10.37%.

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.