Voloridge Investment Management LLC Grows Holdings in Century Communities, Inc. (NYSE:CCS)

Voloridge Investment Management LLC raised its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 41.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,920 shares of the construction company's stock after purchasing an additional 48,148 shares during the quarter. Voloridge Investment Management LLC owned about 0.53% of Century Communities worth $12,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Invesco Ltd. grew its position in Century Communities by 27.9% during the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock valued at $17,328,000 after buying an additional 51,589 shares during the period. JPMorgan Chase & Co. grew its position in Century Communities by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock valued at $18,631,000 after buying an additional 47,171 shares during the period. Principal Financial Group Inc. grew its position in Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. grew its position in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares during the period. Finally, Edgestream Partners L.P. grew its position in Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analyst Weigh In

CCS has been the topic of several recent analyst reports. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush decreased their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $101.33.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez purchased 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 now directly owns 8,981 shares in the company, valued at $491,081.08. This trade represents a 5.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 2,400 shares of company stock valued at $130,426 in the last ninety days. 12.60% of the stock is currently owned by company insiders.

Century Communities Stock Performance

CCS stock traded down $0.90 on Friday, hitting $52.07. The company's stock had a trading volume of 84,826 shares, compared to its average volume of 371,112. The firm has a 50 day moving average of $58.33 and a two-hundred day moving average of $70.55. Century Communities, Inc. has a 1 year low of $51.07 and a 1 year high of $108.42. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 5.01 and a beta of 1.57. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

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 analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same period last year, the company earned $2.22 earnings per share. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.23%. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

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.