Magnetar Financial LLC Purchases New Position in Century Communities, Inc. (NYSE:CCS)

Magnetar Financial LLC purchased a new stake in Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,039 shares of the construction company’s stock, valued at approximately $883,000.

Several other large investors have also made changes to their positions in CCS. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter valued at approximately $51,000. Smartleaf Asset Management LLC grew its stake in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares in the last quarter. KBC Group NV grew its stake in shares of Century Communities by 44.3% in 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. R Squared Ltd bought a new stake in shares of Century Communities in the 4th quarter valued at approximately $142,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Century Communities in the 3rd quarter valued at approximately $144,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 2.4 %

CCS opened at $68.60 on Friday. Century Communities, Inc. has a 1-year low of $66.07 and a 1-year high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.60 and a beta of 2.10. The business has a 50 day moving average of $72.98 and a 200-day moving average of $84.04.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Analyst Upgrades and Downgrades

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

Century Communities Company 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.