Pacific Point Advisors LLC Invests $1.03 Million in Century Communities, Inc. (NYSE:CCS)

Pacific Point Advisors LLC acquired a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,000 shares of the construction company's stock, valued at approximately $1,027,000.

Several other institutional investors have also recently made changes to their positions in CCS. Smartleaf Asset Management LLC boosted its position in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after acquiring an additional 569 shares during the period. Sterling Capital Management LLC raised its position in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after buying an additional 688 shares in the last quarter. Headlands Technologies LLC bought a new stake in Century Communities during the fourth quarter valued at $74,000. KBC Group NV grew its position in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Century Communities during the fourth quarter worth about $142,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insider Transactions at Century Communities

In other news, Director Elisa Z. Ramirez acquired 1,500 shares of the firm's stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the acquisition, the director now owns 8,481 shares in the company, valued at $456,786.66. This trade represents a 21.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders bought 2,400 shares of company stock valued at $130,426. Corporate insiders own 12.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush decreased their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Century Communities has a consensus rating of "Hold" and a consensus price target of $101.33.

Century Communities Trading Down 3.0%

Shares of CCS stock traded down $1.66 during mid-day trading on Wednesday, reaching $53.35. The stock had a trading volume of 185,413 shares, compared to its average volume of 369,577. Century Communities, Inc. has a 52-week low of $51.07 and a 52-week high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $59.00 and its two-hundred day moving average price is $70.92. The firm has a market capitalization of $1.63 billion, a PE ratio of 5.14 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 company had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. During the same quarter last year, the firm earned $2.22 EPS. The business's revenue was down 2.1% on a year-over-year basis. Equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 2.17%. 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.