Janney Montgomery Scott LLC Purchases New Holdings in Century Communities, Inc. (NYSE:CCS)

Janney Montgomery Scott LLC bought a new position in Century Communities, Inc. (NYSE:CCS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,299 shares of the construction company's stock, valued at approximately $423,000.

A number of other institutional investors have also recently made changes to their positions in CCS. Versant Capital Management Inc raised its position in Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after buying an additional 331 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 last quarter. Sterling Capital Management LLC increased its holdings in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares during the last quarter. Headlands Technologies LLC bought a new position in Century Communities in the 4th quarter worth $74,000. Finally, GAMMA Investing LLC lifted its position in shares of Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Elisa Z. Ramirez bought 500 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $54.68 per share, with a total value of $27,340.00. Following the purchase, the director directly owned 8,981 shares in the company, valued at $491,081.08. The trade was a 5.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have bought 2,400 shares of company stock worth $130,426. Corporate insiders own 12.60% of the company's stock.

Century Communities Stock Performance

Shares of CCS traded down $1.43 during trading hours on Monday, reaching $58.24. 276,383 shares of the company traded hands, compared to its average volume of 383,047. The stock has a market capitalization of $1.78 billion, a P/E ratio of 6.03 and a beta of 1.44. 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, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The business has a fifty day moving average price of $54.62 and a 200-day moving average price of $64.44.

Century Communities (NYSE:CCS - Get Free Report) last posted 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 business had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. During the same period in the previous year, the company posted $2.22 earnings per share. Century Communities's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Wednesday, May 28th. Century Communities's payout ratio is currently 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.