4,200 Shares in Century Communities, Inc. (NYSE:CCS) Purchased by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in Century Communities, Inc. (NYSE:CCSFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,200 shares of the construction company’s stock, valued at approximately $433,000.

Several other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in shares of Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Century Communities by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock worth $50,819,000 after purchasing an additional 16,397 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Century Communities by 444.7% during the 3rd 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. Finally, Marshall Wace LLP boosted its holdings in shares of Century Communities by 84.9% during the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCS. B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. StockNews.com upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Wedbush upped their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Get Our Latest Analysis on Century Communities

Century Communities Trading Down 2.3 %

CCS opened at $88.12 on Thursday. Century Communities, Inc. has a one year low of $74.61 and a one year high of $108.42. The stock has a market capitalization of $2.76 billion, a PE ratio of 8.79 and a beta of 1.87. The business’s 50 day moving average price is $93.28 and its 200 day moving average price is $91.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCSGet Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for 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 firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.58 earnings per share. As a group, equities research analysts expect that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Century Communities Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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