Algert Global LLC Raises Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Algert Global LLC increased its stake in Century Communities, Inc. (NYSE:CCS) by 16.2% during the 3rd quarter, Holdings Channel reports. The firm owned 143,247 shares of the construction company’s stock after purchasing an additional 19,940 shares during the quarter. Century Communities comprises approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 21st biggest holding. Algert Global LLC’s holdings in Century Communities were worth $14,752,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Century Communities by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after buying an additional 13,861 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after acquiring an additional 89,310 shares in the last quarter. Jennison Associates LLC increased its stake in Century Communities by 9.9% in the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after acquiring an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after purchasing an additional 16,397 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in 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 last quarter. 99.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Century Communities

In other news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Stock Up 1.7 %

Shares of NYSE:CCS opened at $88.69 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 8.84 and a beta of 1.87. The stock’s 50-day moving average price is $95.31 and its 200-day moving average price is $91.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $2.58 EPS. Century Communities’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. Century Communities’s dividend payout ratio is currently 10.37%.

Analyst Ratings Changes

Several brokerages have recently commented on CCS. B. Riley reiterated a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush increased their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday.

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.