Deutsche Bank AG Boosts Stock Position in Century Communities, Inc. (NYSE:CCS)

Deutsche Bank AG boosted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 219.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,662 shares of the construction company's stock after purchasing an additional 47,147 shares during the quarter. Deutsche Bank AG owned about 0.22% of Century Communities worth $5,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCS. Smartleaf Asset Management LLC raised its stake in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC increased its stake in Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares during the last quarter. Headlands Technologies LLC bought a new stake in Century Communities in the 4th quarter worth approximately $74,000. KBC Group NV increased its stake in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Century Communities in the 4th quarter worth approximately $142,000. Institutional investors own 99.54% of the company's stock.

Insider Activity

In related news, Director Elisa Z. Ramirez bought 500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $54.68 per share, with a total value of $27,340.00. Following the transaction, the director now owns 8,981 shares in the company, valued at $491,081.08. This trade represents a 5.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have purchased 2,400 shares of company stock valued at $130,426. 11.90% of the stock is currently owned by insiders.

Century Communities Trading Up 1.9%

Shares of NYSE CCS traded up $0.98 during trading hours on Friday, hitting $53.01. 724,968 shares of the company traded hands, compared to its average volume of 369,424. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.10 and a beta of 1.57. 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 company's 50 day moving average price is $59.64 and its 200 day moving average price is $71.42. Century Communities, Inc. has a 12 month low of $51.07 and a 12 month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its 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). The company had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.22 EPS. On average, equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, May 28th. Century Communities's dividend payout ratio is currently 12.01%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CCS shares. 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. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $101.33.

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.