Jefferies Financial Group Inc. Makes New $2.49 Million Investment in Century Communities, Inc. (NYSE:CCS)

Jefferies Financial Group Inc. acquired a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 33,900 shares of the construction company's stock, valued at approximately $2,487,000. Jefferies Financial Group Inc. owned approximately 0.11% of Century Communities at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CCS. Public Employees Retirement System of Ohio grew its position in shares of Century Communities by 29.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 48,575 shares of the construction company's stock valued at $3,563,000 after purchasing an additional 11,165 shares in the last quarter. Pacific Point Advisors LLC purchased a new position in shares of Century Communities during the 4th quarter valued at $1,027,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Century Communities by 6.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,530 shares of the construction company's stock valued at $5,908,000 after purchasing an additional 4,847 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Century Communities by 41.2% during the 4th quarter. Voloridge Investment Management LLC now owns 164,920 shares of the construction company's stock valued at $12,099,000 after purchasing an additional 48,148 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Century Communities by 14.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company's stock worth $58,791,000 after acquiring an additional 99,136 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Century Communities

In other news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the transaction, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 2,400 shares of company stock worth $130,426. 12.60% of the stock is currently owned by company insiders.

Century Communities Trading Down 2.1%

Century Communities stock traded down $1.09 during mid-day trading on Friday, hitting $51.87. The company's stock had a trading volume of 449,933 shares, compared to its average volume of 373,450. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 4.99 and a beta of 1.57. The business has a 50 day moving average price of $57.98 and a 200-day moving average price of $70.08. 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 posted its quarterly 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 business had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. As a group, analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

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

Analysts Set New Price Targets

Separately, Wedbush dropped 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. One equities 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 company's stock. According to MarketBeat.com, Century Communities 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.