Los Angeles Capital Management LLC Reduces Position in Century Communities, Inc. (NYSE:CCS)

Los Angeles Capital Management LLC trimmed its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,616 shares of the construction company’s stock after selling 1,619 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Century Communities were worth $1,439,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its holdings 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 buying an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Century Communities by 3.4% in 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 buying an additional 16,397 shares during the last quarter. Franklin Resources Inc. increased its holdings in Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after buying an additional 51,021 shares during the last quarter. Basswood Capital Management L.L.C. increased its holdings in Century Communities by 11.8% in the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock valued at $44,896,000 after buying an additional 46,104 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Century Communities by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock valued at $21,579,000 after buying an additional 11,389 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of CCS stock opened at $69.48 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $74.01 and a two-hundred day moving average of $86.91. Century Communities, Inc. has a 52 week low of $68.49 and a 52 week high of $108.42. The company has a market cap of $2.15 billion, a P/E ratio of 6.68 and a beta of 1.92.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.29 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $97.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.00.

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.