Envestnet Asset Management Inc. Raises Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Envestnet Asset Management Inc. boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,868 shares of the construction company's stock after purchasing an additional 19,385 shares during the quarter. Envestnet Asset Management Inc. owned about 0.61% of Century Communities worth $12,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in shares of Century Communities by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after purchasing an additional 1,870 shares in the last quarter. CWC Advisors LLC. boosted its stake in shares of Century Communities by 32.4% in the 1st quarter. CWC Advisors LLC. now owns 5,731 shares of the construction company's stock valued at $385,000 after purchasing an additional 1,404 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Century Communities by 6.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock valued at $3,364,000 after purchasing an additional 3,036 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Century Communities in the 1st quarter valued at approximately $423,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Century Communities in the 1st quarter valued at approximately $245,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Insiders Place Their Bets

In other news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $54.68 per share, with a total value of $27,340.00. Following the acquisition, the director owned 8,981 shares in the company, valued at $491,081.08. The trade was a 5.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 2,400 shares of company stock valued at $130,426. Company insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CCS shares. B. Riley assumed coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Wedbush cut their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $85.00.

Century Communities Stock Up 0.4%

NYSE:CCS traded up $0.25 during trading hours on Wednesday, hitting $63.97. 418,850 shares of the company traded hands, compared to its average volume of 383,425. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $56.07 and its 200-day simple moving average is $63.47. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The company has a market cap of $1.95 billion, a PE ratio of 6.62 and a beta of 1.44.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.28. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. Equities analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) is currently 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.