Century Communities, Inc. (NYSE:CCS) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Century Communities, Inc. (NYSE:CCS) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 76,114 shares of the construction company’s stock after acquiring an additional 5,981 shares during the quarter. Barclays PLC’s holdings in Century Communities were worth $7,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC increased its stake in Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC raised its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities during the 3rd quarter worth $144,000. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities during the 2nd quarter worth about $162,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock opened at $81.27 on Wednesday. The firm has a 50 day moving average of $90.43 and a two-hundred day moving average of $91.93. The stock has a market capitalization of $2.55 billion, a PE ratio of 8.10 and a beta of 1.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52 week low of $74.76 and a 52 week high of $108.42.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate 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 return on equity of 13.79% and a net margin of 7.44%. Century Communities’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 EPS. On average, research 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 $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. Century Communities’s dividend payout ratio is currently 10.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. B. Riley restated 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. Finally, Wedbush boosted their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

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.