Algert Global LLC Purchases 19,828 Shares of Century Communities, Inc. (NYSE:CCS)

Algert Global LLC increased its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 13.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,075 shares of the construction company's stock after purchasing an additional 19,828 shares during the period. Algert Global LLC owned approximately 0.53% of Century Communities worth $11,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in Century Communities by 67.3% in the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after acquiring an additional 450,914 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Century Communities by 660.5% during the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company's stock valued at $14,857,000 after purchasing an additional 175,887 shares in the last quarter. Norges Bank purchased a new position in shares of Century Communities during the fourth quarter valued at about $5,663,000. Barclays PLC boosted its position in Century Communities by 86.3% during the 4th quarter. Barclays PLC now owns 141,799 shares of the construction company's stock valued at $10,403,000 after acquiring an additional 65,685 shares in the last quarter. Finally, Oberweis Asset Management Inc. raised its position in shares of Century Communities by 28.7% in the 4th quarter. Oberweis Asset Management Inc. now owns 248,000 shares of the construction company's stock worth $18,193,000 after acquiring an additional 55,300 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush cut their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $101.33.

Century Communities Price Performance

CCS stock traded down $0.24 during trading on Friday, reaching $54.34. The company's stock had a trading volume of 95,106 shares, compared to its average volume of 462,583. The company's fifty day moving average is $62.96 and its 200-day moving average is $74.29. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1 year low of $52.40 and a 1 year high of $108.42. The company has a market capitalization of $1.66 billion, a P/E ratio of 5.23 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. During the same quarter in the prior year, the business earned $2.22 EPS. The business's quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 2.13%. Century Communities's dividend payout ratio is currently 12.01%.

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.