Quantbot Technologies LP Increases Holdings in Century Communities, Inc. (NYSE:CCS)

Quantbot Technologies LP increased its stake in Century Communities, Inc. (NYSE:CCS) by 38.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,852 shares of the construction company’s stock after buying an additional 4,696 shares during the quarter. Quantbot Technologies LP owned 0.05% of Century Communities worth $1,236,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its position in Century Communities by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock worth $1,157,000 after purchasing an additional 349 shares during the period. KBC Group NV lifted its stake in shares of 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 buying an additional 403 shares in the last quarter. Principal Securities Inc. boosted its holdings in Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after buying an additional 460 shares during the period. Point72 Hong Kong Ltd purchased a new position in Century Communities in the 3rd quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC raised its holdings 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 period. Institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCS. Wedbush reiterated a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $103.00.

Century Communities Price Performance

NYSE:CCS opened at $69.65 on Wednesday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 6.70 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a fifty day moving average of $72.94 and a 200 day moving average of $83.50. Century Communities, Inc. has a 52-week low of $66.07 and a 52-week high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 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.