D. E. Shaw & Co. Inc. Acquires 49,070 Shares of Century Communities, Inc. (NYSE:CCS)

D. E. Shaw & Co. Inc. boosted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,722 shares of the construction company's stock after purchasing an additional 49,070 shares during the period. D. E. Shaw & Co. Inc. owned about 0.47% of Century Communities worth $10,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCS. Invesco Ltd. increased its position in shares of Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock valued at $17,328,000 after acquiring an additional 51,589 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 47,171 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after buying an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Century Communities by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wedbush cut their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. One equities 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's stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of "Hold" and a consensus target price of $101.33.

Century Communities Stock Performance

CCS stock traded down $0.06 during midday trading on Tuesday, reaching $55.29. 18,271 shares of the company were exchanged, compared to its average volume of 361,736. Century Communities, Inc. has a one year low of $52.41 and a one year high of $108.42. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.31 and a beta of 1.57. The business has a 50-day moving average price of $60.88 and a two-hundred day moving average price of $72.34. 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 - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS 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 the consensus estimate 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 firm posted $2.22 EPS. Equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities's dividend payout ratio is currently 12.01%.

Insiders Place Their Bets

In other news, Director Elisa Z. Ramirez bought 500 shares of the company's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the transaction, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. This represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 2,400 shares of company stock worth $130,426 in the last quarter. 11.90% of the stock is currently owned by corporate insiders.

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.