Quest Partners LLC Purchases 10,827 Shares of Century Communities, Inc. (NYSE:CCS)

Quest Partners LLC increased its position in shares of Century Communities, Inc. (NYSE:CCS) by 314.1% during the 3rd quarter, Holdings Channel reports. The firm owned 14,274 shares of the construction company’s stock after purchasing an additional 10,827 shares during the quarter. Quest Partners LLC’s holdings in Century Communities were worth $1,470,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its position in shares of Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after acquiring an additional 409,068 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Century Communities in the 2nd quarter worth about $7,419,000. Marshall Wace LLP boosted its holdings in shares of Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares during the last quarter. Finally, Algert Global LLC grew its position in Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after buying an additional 57,341 shares during the period. 99.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.70% of the stock is owned by company insiders.

Century Communities Stock Up 0.9 %

Shares of NYSE CCS opened at $85.80 on Wednesday. The business has a 50-day simple moving average of $96.20 and a two-hundred day simple moving average of $91.54. Century Communities, Inc. has a 52 week low of $70.82 and a 52 week high of $108.42. The company has a market cap of $2.69 billion, a P/E ratio of 8.55 and a beta of 1.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.58 EPS. Research analysts anticipate that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.