Public Employees Retirement System of Ohio Has $3.56 Million Stake in Century Communities, Inc. (NYSE:CCS)

Public Employees Retirement System of Ohio lifted its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,575 shares of the construction company's stock after buying an additional 11,165 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Century Communities worth $3,563,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Century Communities by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after buying an additional 349 shares during the last quarter. KBC Group NV lifted its holdings in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares during the period. Principal Securities Inc. lifted its holdings in Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after purchasing an additional 460 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Century Communities by 7.8% during the 4th quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after purchasing an additional 562 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in Century Communities by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after acquiring an additional 565 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush lowered their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.33.

Insider Transactions at Century Communities

In other news, Director Elisa Z. Ramirez bought 500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the acquisition, the director now owns 8,981 shares in the company, valued at approximately $491,081.08. This represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 2,400 shares of company stock valued at $130,426 over the last 90 days. 11.90% of the stock is owned by corporate insiders.

Century Communities Trading Up 3.1%

NYSE CCS traded up $1.59 during trading on Wednesday, reaching $53.53. 407,242 shares of the stock traded hands, compared to its average volume of 374,944. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 5.15 and a beta of 1.57. The stock's 50-day moving average price is $57.00 and its 200 day moving average price is $69.60. 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 fifty-two week low of $50.42 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the firm posted $2.22 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 2.17%. The ex-dividend date is Wednesday, May 28th. Century Communities's dividend payout ratio is presently 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.