Century Communities, Inc. (NYSE:CCS) Position Trimmed by Jump Financial LLC

Jump Financial LLC lowered its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 54.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,767 shares of the construction company's stock after selling 8,028 shares during the period. Jump Financial LLC's holdings in Century Communities were worth $496,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CCS. Norges Bank acquired a new stake in Century Communities in the 4th quarter valued at $5,663,000. Barclays PLC grew its stake in shares of Century Communities by 86.3% in the fourth quarter. Barclays PLC now owns 141,799 shares of the construction company's stock valued at $10,403,000 after buying an additional 65,685 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Century Communities by 27.9% during the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock valued at $17,328,000 after buying an additional 51,589 shares during the period. Franklin Resources Inc. raised its holdings in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Century Communities by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after acquiring an additional 47,171 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCS. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush dropped their price target on shares of 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 research 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. According to MarketBeat, Century Communities presently has an average rating of "Hold" and an average target price of $101.33.

Century Communities Stock Up 1.2 %

Shares of Century Communities stock traded up $0.65 on Wednesday, hitting $54.56. 463,246 shares of the company's stock traded hands, compared to its average volume of 358,962. Century Communities, Inc. has a 52-week low of $52.41 and a 52-week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.67 billion, a P/E ratio of 5.25 and a beta of 1.76. The firm's 50-day moving average is $64.94 and its 200 day moving average is $76.21.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Century Communities's revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 earnings per share. Equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 2.13%. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio is presently 12.01%.

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.