Virtu Financial LLC Purchases Shares of 3,301 Century Communities, Inc. (NYSE:CCS)

Virtu Financial LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,301 shares of the construction company’s stock, valued at approximately $340,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CCS. Point72 Hong Kong Ltd acquired a new position in Century Communities in the 3rd quarter valued at $51,000. Signaturefd LLC boosted its position in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after acquiring an additional 115 shares during the period. GAMMA Investing LLC grew its stake in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Century Communities during the third quarter worth about $144,000. Finally, Innealta Capital LLC acquired a new stake in Century Communities in the 2nd quarter worth about $162,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $97.00 in a report on Friday. B. Riley restated a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush upped their target price on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

Century Communities Trading Down 0.5 %

Shares of CCS stock opened at $82.32 on Tuesday. Century Communities, Inc. has a fifty-two week low of $74.76 and a fifty-two week high of $108.42. The stock’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $91.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $2.58 billion, a PE ratio of 8.21 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were given a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%. Century Communities’s dividend payout ratio is currently 10.37%.

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.