Schonfeld Strategic Advisors LLC Buys 9,737 Shares of Century Communities, Inc. (NYSE:CCS)

Schonfeld Strategic Advisors LLC raised its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 44.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,540 shares of the construction company's stock after purchasing an additional 9,737 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.10% of Century Communities worth $2,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC lifted its holdings in shares of Century Communities by 8.5% during the third quarter. Barclays PLC now owns 76,114 shares of the construction company's stock worth $7,837,000 after buying an additional 5,981 shares in the last quarter. Virtu Financial LLC bought a new position in Century Communities during the 3rd quarter worth $340,000. Franklin Resources Inc. raised 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 valued at $48,502,000 after acquiring an additional 51,021 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Century Communities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after buying an additional 10,453 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Century Communities by 24.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company's stock worth $847,000 after acquiring an additional 2,269 shares during the period. Institutional investors own 99.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCS. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush dropped their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $101.33.

Century Communities Stock Up 2.3 %

CCS stock traded up $1.25 during trading on Thursday, reaching $54.51. The stock had a trading volume of 336,193 shares, compared to its average volume of 360,173. The company's 50 day moving average is $63.23 and its two-hundred day moving average is $74.58. 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 one year low of $52.41 and a one year high of $108.42. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 5.24 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The firm 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 earnings per share. Equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.13%. Century Communities's 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.