Quantbot Technologies LP Purchases 4,696 Shares of Century Communities, Inc. (NYSE:CCS)

Quantbot Technologies LP increased its position in Century Communities, Inc. (NYSE:CCS) by 38.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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’s holdings in Century Communities were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC bought a new position in shares of Century Communities during the third quarter valued at about $921,000. Charles Schwab Investment Management Inc. boosted its holdings in Century Communities by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after acquiring an additional 16,397 shares during the period. Citigroup Inc. grew its position in Century Communities by 34.6% during the 3rd quarter. Citigroup Inc. now owns 72,952 shares of the construction company’s stock worth $7,513,000 after acquiring an additional 18,765 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in Century Communities during the 3rd quarter worth approximately $243,000. Finally, Daiwa Securities Group Inc. purchased a new position in Century Communities in the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities Stock Performance

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

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. Century Communities’s dividend payout ratio is 11.15%.

Century Communities Profile

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.