Assenagon Asset Management S.A. Boosts Stake in Century Communities, Inc. (NYSE:CCS)

Assenagon Asset Management S.A. boosted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 806.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 127,902 shares of the construction company's stock after buying an additional 113,796 shares during the period. Assenagon Asset Management S.A. owned 0.42% of Century Communities worth $8,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CCS. SG Americas Securities LLC purchased a new position in Century Communities during the first quarter valued at $982,000. GAMMA Investing LLC increased its holdings in shares of Century Communities by 60.3% in the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares during the last quarter. Bridge City Capital LLC increased its holdings in shares of Century Communities by 37.1% in the first quarter. Bridge City Capital LLC now owns 61,407 shares of the construction company's stock worth $4,120,000 after purchasing an additional 16,617 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Century Communities by 23.1% in the first quarter. Park Avenue Securities LLC now owns 5,415 shares of the construction company's stock worth $363,000 after buying an additional 1,015 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after buying an additional 331 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez purchased 1,500 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the transaction, the director now directly owns 8,481 shares in the company, valued at $456,786.66. This represents a 21.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders purchased 2,400 shares of company stock worth $130,426. 11.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wedbush reduced 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 issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.33.

Century Communities Price Performance

Shares of NYSE:CCS traded up $0.63 on Monday, reaching $53.51. The company's stock had a trading volume of 39,181 shares, compared to its average volume of 376,751. The company has a 50-day simple moving average of $55.51 and a 200 day simple moving average of $67.61. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $1.63 billion, a P/E ratio of 5.14 and a beta of 1.43.

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

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) 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.