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:CCS) 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.

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:CCS) 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

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.