Century Communities, Inc. (NYSE:CCS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Century Communities, Inc. (NYSE:CCSFree Report) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,798 shares of the construction company’s stock after buying an additional 10,453 shares during the period. JPMorgan Chase & Co. owned about 0.66% of Century Communities worth $21,296,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CCS. Assenagon Asset Management S.A. increased its position in shares of 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 acquiring an additional 295,729 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Century Communities during the 2nd quarter worth about $7,419,000. Westwood Holdings Group Inc. raised its position in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after buying an additional 66,029 shares during the period. Finally, Algert Global LLC grew its position in shares of Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after buying an additional 57,341 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on CCS shares. B. Riley reaffirmed a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Read Our Latest Stock Report on CCS

Century Communities Stock Up 1.2 %

Shares of NYSE:CCS opened at $72.12 on Thursday. The firm has a 50 day simple moving average of $83.41 and a 200-day simple moving average of $90.97. Century Communities, Inc. has a twelve month low of $69.82 and a twelve month high of $108.42. 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 company has a market capitalization of $2.26 billion, a PE ratio of 7.19 and a beta of 1.91.

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

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. Century Communities’s dividend payout ratio is presently 10.37%.

About Century Communities

(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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