UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Century Communities, Inc. (NYSE:CCS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Century Communities, Inc. (NYSE:CCS) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,683 shares of the construction company’s stock after acquiring an additional 960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Century Communities worth $7,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC lifted its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares during the last quarter. GAMMA Investing LLC raised its holdings in Century Communities by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after buying an additional 287 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Century Communities during the 3rd quarter valued at $144,000. Innealta Capital LLC purchased a new stake in Century Communities during the 2nd quarter valued at $162,000. Finally, nVerses Capital LLC grew its holdings in Century Communities by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock worth $180,000 after acquiring an additional 1,100 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Up 1.9 %

Shares of NYSE CCS opened at $88.17 on Tuesday. The firm has a fifty day simple moving average of $92.37 and a two-hundred day simple moving average of $91.91. Century Communities, Inc. has a 12 month low of $74.76 and a 12 month high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.76 billion, a PE ratio of 8.79 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $2.58 earnings per share. Century Communities’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts expect that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.18%. Century Communities’s payout ratio is 10.37%.

Analyst Ratings Changes

Several brokerages have recently commented on CCS. B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th.

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.