Proficio Capital Partners LLC Takes $877,000 Position in Century Communities, Inc. (NYSE:CCS)

Proficio Capital Partners LLC bought a new stake in Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,958 shares of the construction company’s stock, valued at approximately $877,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in Century Communities during the 3rd quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its stake in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after acquiring an additional 569 shares during the last quarter. KBC Group NV raised its stake in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the last quarter. R Squared Ltd purchased a new stake in Century Communities during the 4th quarter valued at approximately $142,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Century Communities during the 3rd quarter valued at approximately $144,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the subject of several analyst reports. Wedbush reaffirmed a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Finally, StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.00.

Century Communities Stock Performance

NYSE CCS opened at $68.60 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $72.98 and its two-hundred day moving average is $84.04. Century Communities, Inc. has a 12-month low of $66.07 and a 12-month high of $108.42. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.60 and a beta of 2.10.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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%. Research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is currently 11.15%.

About Century Communities

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.