Marshall Wace LLP Buys 66,029 Shares of Century Communities, Inc. (NYSE:CCS)

Marshall Wace LLP raised its position in Century Communities, Inc. (NYSE:CCS) by 84.9% during the second quarter, Holdings Channel reports. The institutional investor owned 143,771 shares of the construction company’s stock after buying an additional 66,029 shares during the quarter. Marshall Wace LLP’s holdings in Century Communities were worth $11,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCS. Public Sector Pension Investment Board boosted its holdings in Century Communities by 7.3% in the second quarter. Public Sector Pension Investment Board now owns 62,205 shares of the construction company’s stock valued at $5,080,000 after acquiring an additional 4,234 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Century Communities by 34.9% in the 2nd quarter. Sei Investments Co. now owns 51,471 shares of the construction company’s stock valued at $4,203,000 after purchasing an additional 13,328 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Century Communities during the 2nd quarter worth approximately $180,000. Finally, Benjamin Edwards Inc. raised its stake in shares of Century Communities by 21.2% during the second quarter. Benjamin Edwards Inc. now owns 4,181 shares of the construction company’s stock worth $341,000 after buying an additional 730 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Up 2.1 %

Century Communities stock opened at $103.17 on Friday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 11.45 and a beta of 1.86. The company’s 50 day simple moving average is $98.31 and its 200 day simple moving average is $89.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities, Inc. has a fifty-two week low of $58.01 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.01%. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCS shares. Wedbush lifted their target price on shares of Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th.

Insider Transactions at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Century Communities 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.