Century Communities, Inc. (NYSE:CCS) Stock Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 10,656.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,951 shares of the construction company's stock after purchasing an additional 104,966 shares during the quarter. GAMMA Investing LLC owned approximately 0.35% of Century Communities worth $7,109,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CCS. Vanguard Group Inc. lifted its position in Century Communities by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after buying an additional 5,375 shares during the period. First Trust Advisors LP grew its holdings in Century Communities by 67.3% in the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock valued at $82,200,000 after purchasing an additional 450,914 shares during the period. Westwood Holdings Group Inc. increased its position in Century Communities by 14.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company's stock worth $58,791,000 after purchasing an additional 99,136 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after purchasing an additional 230,113 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez acquired 500 shares of the company's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the acquisition, the director now directly owns 8,981 shares of the company's stock, valued at $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have acquired 2,400 shares of company stock worth $130,426. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Trading Up 4.0%

CCS stock traded up $2.13 during midday trading on Tuesday, reaching $55.88. 316,499 shares of the company's stock traded hands, compared to its average volume of 376,318. The business has a 50-day moving average price of $56.14 and a two-hundred day moving average price of $68.66. 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, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The company has a market capitalization of $1.71 billion, a P/E ratio of 5.37 and a beta of 1.43.

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 analysts' expectations of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.22 earnings per share. Equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) is 12.01%.

Analyst Ratings Changes

Separately, Wedbush cut their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.33.

About Century Communities

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.