Connor Clark & Lunn Investment Management Ltd. Makes New $4.40 Million Investment in Century Communities, Inc. (NYSE:CCS)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Century Communities, Inc. (NYSE:CCS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 42,759 shares of the construction company’s stock, valued at approximately $4,403,000. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Century Communities at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd raised its stake in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after buying an additional 133 shares in the last quarter. Signaturefd LLC raised its position in shares of 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 acquiring an additional 115 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 287 shares during the last quarter. Innealta Capital LLC bought a new stake in Century Communities during the second quarter valued at about $162,000. Finally, nVerses Capital LLC grew its stake in Century Communities by 100.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock valued at $180,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCS. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. B. Riley reaffirmed 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 increased 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.

Century Communities Stock Up 1.7 %

NYSE:CCS opened at $88.69 on Friday. The company’s 50 day moving average is $95.31 and its two-hundred day moving average is $91.52. The company has a market cap of $2.78 billion, a PE ratio of 8.84 and a beta of 1.87. Century Communities, Inc. has a twelve month low of $70.82 and a twelve month high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $2.58 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.90% of the company’s stock.

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.