Quantbot Technologies LP Invests $2.84 Million in Century Communities, Inc. (NYSE:CCS)

Quantbot Technologies LP bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,789 shares of the construction company’s stock, valued at approximately $2,841,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in Century Communities during the 4th quarter valued at approximately $215,000. Norges Bank purchased a new position in Century Communities during the fourth quarter valued at $11,727,000. Clearbridge Investments LLC increased its holdings in Century Communities by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 284,580 shares of the construction company’s stock valued at $25,937,000 after acquiring an additional 1,289 shares during the last quarter. Franklin Resources Inc. lifted its stake in Century Communities by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 204,001 shares of the construction company’s stock worth $18,593,000 after purchasing an additional 1,457 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Century Communities during the 4th quarter valued at about $370,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred 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 sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Price Performance

CCS stock opened at $105.08 on Wednesday. The stock has a market cap of $3.34 billion, a PE ratio of 11.66 and a beta of 1.86. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $107.90. The company has a 50-day moving average price of $96.55 and a 200 day moving average price of $88.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.19. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. Equities research analysts anticipate that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Wednesday, August 28th. Century Communities’s payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of research analyst reports. B. Riley boosted their target price on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Wedbush lifted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th.

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.