Proficio Capital Partners LLC Buys New Stake in Century Communities, Inc. (NYSE:CCS)

Proficio Capital Partners LLC bought a new stake in Century Communities, Inc. (NYSE:CCS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 11,958 shares of the construction company’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCS. Franklin Resources Inc. lifted its stake in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after buying an additional 51,021 shares in the last quarter. Bank of Montreal Can lifted its stake in Century Communities by 1,477.5% in the 3rd quarter. Bank of Montreal Can now owns 51,442 shares of the construction company’s stock valued at $5,307,000 after buying an additional 48,181 shares in the last quarter. Basswood Capital Management L.L.C. lifted its stake in Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock valued at $44,896,000 after buying an additional 46,104 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Century Communities in the 3rd quarter valued at approximately $4,403,000. Finally, Jane Street Group LLC lifted its stake in shares of Century Communities by 95.4% during the 3rd quarter. Jane Street Group LLC now owns 80,561 shares of the construction company’s stock worth $8,296,000 after purchasing an additional 39,341 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CCS has been the topic of several analyst reports. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Wedbush restated a “neutral” rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.00.

Century Communities Price Performance

Shares of Century Communities stock opened at $68.60 on Friday. Century Communities, Inc. has a twelve month low of $66.07 and a twelve month high of $108.42. The stock has a market capitalization of $2.12 billion, a P/E ratio of 6.60 and a beta of 2.10. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $72.98 and its 200 day moving average price is $84.04.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.69%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

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.