Two Sigma Advisers LP Purchases 10,000 Shares of Century Communities, Inc. (NYSE:CCS)

Two Sigma Advisers LP grew its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 66.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,100 shares of the construction company's stock after purchasing an additional 10,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of Century Communities worth $1,841,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock valued at $144,641,000 after purchasing an additional 5,375 shares during the last quarter. First Trust Advisors LP grew its position in Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after acquiring an additional 450,914 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after acquiring an additional 230,113 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 worth $38,699,000 after purchasing an additional 34,046 shares during the period. Finally, Northern Trust Corp increased its stake in Century Communities by 16.6% in the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock worth $25,195,000 after purchasing an additional 48,790 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 1.7%

Shares of CCS traded up $0.86 during mid-day trading on Tuesday, hitting $51.90. 354,489 shares of the company's stock traded hands, compared to its average volume of 374,322. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $108.42. The firm has a market capitalization of $1.59 billion, a P/E ratio of 4.99 and a beta of 1.57. The business's 50-day moving average price is $57.26 and its 200-day moving average price is $69.71.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) 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 business had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. During the same period last year, the firm posted $2.22 earnings per share. Century Communities's quarterly revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.24%. Century Communities's dividend payout ratio is presently 12.01%.

Insider Activity at Century Communities

In other news, Director Elisa Z. Ramirez purchased 500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 2,400 shares of company stock worth $130,426 over the last ninety days. 11.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush decreased their price target 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 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's stock. Based on data from MarketBeat, Century Communities presently has a consensus rating of "Hold" and a consensus price target of $101.33.

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.