Los Angeles Capital Management LLC Trims Position in Century Communities, Inc. (NYSE:CCS)

Los Angeles Capital Management LLC lessened its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,616 shares of the construction company’s stock after selling 1,619 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of Century Communities worth $1,439,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Century Communities in the 3rd quarter worth $51,000. KBC Group NV raised its position 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 worth $96,000 after buying an additional 403 shares during the period. R Squared Ltd purchased a new position in shares of Century Communities in the 4th quarter worth $142,000. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities in the 3rd quarter worth $144,000. Finally, Principal Securities Inc. raised its position in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $103.00.

Century Communities Trading Down 0.5 %

Shares of CCS opened at $69.48 on Friday. The stock’s 50-day moving average is $74.01 and its two-hundred day moving average is $86.91. The stock has a market cap of $2.15 billion, a PE ratio of 6.68 and a beta of 1.92. Century Communities, Inc. has a 12 month low of $68.49 and a 12 month high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

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.