Quadrature Capital Ltd purchased a new position in Century Communities, Inc. (NYSE:CCS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,897 shares of the construction company's stock, valued at approximately $813,000.
Several other institutional investors also recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities in the 3rd quarter worth $51,000. Signaturefd LLC increased its stake in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock worth $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC raised its holdings in Century Communities by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after buying an additional 287 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the third quarter valued at about $144,000. Finally, Innealta Capital LLC acquired a new position in shares of Century Communities in the second quarter worth about $162,000. Institutional investors own 99.54% of the company's stock.
CCS has been the subject of several research analyst reports. Wedbush upped their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a report on Thursday. Finally, B. Riley reissued a "buy" rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.
Get Our Latest Report on Century Communities
Shares of CCS opened at $86.55 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of 8.63 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The company's 50 day moving average price is $92.67 and its 200 day moving average price is $91.82. Century Communities, Inc. has a 52 week low of $74.76 and a 52 week high of $108.42.
Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. The business 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%. Century Communities's revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 EPS. Research analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.20%. Century Communities's dividend payout ratio is 10.37%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Century Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Century Communities wasn't on the list.
While Century Communities currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.