Century Communities, Inc. (NYSE:CCS) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in Century Communities, Inc. (NYSE:CCS) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,400 shares of the construction company’s stock after acquiring an additional 916 shares during the period. Park Avenue Securities LLC’s holdings in Century Communities were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCS. Jennison Associates LLC grew its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $50,819,000 after acquiring an additional 16,397 shares in the last quarter. Franklin Resources Inc. boosted 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 purchasing an additional 51,021 shares during the last quarter. Basswood Capital Management L.L.C. grew its stake in Century Communities by 11.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock valued at $44,896,000 after purchasing an additional 46,104 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in 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. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

NYSE CCS opened at $76.77 on Friday. The firm has a market capitalization of $2.41 billion, a PE ratio of 7.65 and a beta of 1.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 12 month low of $68.49 and a 12 month high of $108.42. The company’s 50 day simple moving average is $80.05 and its 200 day simple moving average is $90.50.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion for 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%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. As a group, equities research analysts forecast that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Analyst Ratings Changes

CCS has been the subject of a number of research reports. 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 report on Friday, December 13th. B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.

Century Communities 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.