Assenagon Asset Management S.A. Buys 113,796 Shares of Century Communities, Inc. (NYSE:CCS)

Assenagon Asset Management S.A. grew its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 806.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,902 shares of the construction company's stock after purchasing an additional 113,796 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.42% of Century Communities worth $8,582,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc raised its position in shares of 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. Illinois Municipal Retirement Fund raised its holdings in Century Communities by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock valued at $1,157,000 after acquiring an additional 349 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after acquiring an additional 460 shares during the period. Cetera Investment Advisers increased its position in shares of Century Communities by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after purchasing an additional 562 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Century Communities by 11.2% during the fourth quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after purchasing an additional 565 shares during the period. 99.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez acquired 1,500 shares of the business's stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the transaction, the director now owns 8,481 shares in the company, valued at $456,786.66. This trade represents a 21.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 2,400 shares of company stock worth $130,426 in the last quarter. 12.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wedbush reduced their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $101.33.

Century Communities Price Performance

CCS traded down $0.26 during midday trading on Wednesday, reaching $52.11. 133,882 shares of the company's stock were exchanged, compared to its average volume of 378,253. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 5.39 and a beta of 1.43. The business has a 50-day simple moving average of $55.23 and a two-hundred day simple moving average of $67.26. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43.

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 the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The company had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. During the same period in the prior year, the firm earned $2.22 EPS. Century Communities's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict 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 was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's payout ratio is 12.01%.

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.