Balyasny Asset Management L.P. Raises Stake in Century Communities, Inc. (NYSE:CCS)

Balyasny Asset Management L.P. lifted its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 679,307 shares of the construction company's stock after purchasing an additional 230,113 shares during the period. Balyasny Asset Management L.P. owned about 2.19% of Century Communities worth $49,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CCS. Vanguard Group Inc. increased its stake in Century Communities by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after buying an additional 5,375 shares in the last quarter. First Trust Advisors LP grew its position in shares of Century Communities by 67.3% during the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after purchasing an additional 34,046 shares during the period. Franklin Resources Inc. lifted its holdings in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after purchasing an additional 51,021 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Century Communities by 16.6% in the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock worth $25,195,000 after purchasing an additional 48,790 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CCS shares. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush dropped their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Century Communities has an average rating of "Hold" and a consensus price target of $101.33.

Century Communities Trading Down 0.7 %

CCS stock opened at $54.62 on Tuesday. The firm has a fifty day moving average price of $63.89 and a 200 day moving average price of $74.88. Century Communities, Inc. has a fifty-two week low of $52.41 and a fifty-two week high of $108.42. The firm has a market cap of $1.67 billion, a PE ratio of 5.25 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 earnings per share. Sell-side analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 2.12%. Century Communities's dividend payout ratio is 12.01%.

Century Communities 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.

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