Walleye Capital LLC Acquires 45,832 Shares of Century Communities, Inc. (NYSE:CCS)

Walleye Capital LLC grew its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 470.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,571 shares of the construction company's stock after buying an additional 45,832 shares during the quarter. Walleye Capital LLC owned 0.18% of Century Communities worth $4,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in shares of Century Communities by 86.3% during the 4th quarter. Barclays PLC now owns 141,799 shares of the construction company's stock worth $10,403,000 after purchasing an additional 65,685 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after purchasing an additional 688 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Century Communities by 7.7% during the 4th quarter. Kennedy Capital Management LLC now owns 95,090 shares of the construction company's stock worth $6,976,000 after buying an additional 6,787 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock worth $17,328,000 after acquiring an additional 51,589 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in shares of Century Communities during the 4th quarter valued at approximately $207,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 3.5 %

Century Communities stock traded up $2.03 during mid-day trading on Tuesday, hitting $60.50. The company's stock had a trading volume of 58,623 shares, compared to its average volume of 460,624. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 5.82 and a beta of 1.76. The business has a 50 day moving average price of $67.25 and a 200-day moving average price of $77.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a 12 month low of $55.85 and a 12 month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.29 dividend. This is a boost from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.92%. Century Communities's payout ratio is presently 11.15%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wedbush reiterated a "neutral" rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $103.00.

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.