Healthcare of Ontario Pension Plan Trust Fund Invests $1.77 Million in Century Communities, Inc. (NYSE:CCS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, Holdings Channel reports. The institutional investor acquired 17,200 shares of the construction company’s stock, valued at approximately $1,771,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Century Communities during the 2nd quarter worth about $7,419,000. Westwood Holdings Group Inc. boosted its holdings in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares during the period. Marshall Wace LLP grew its position in Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after acquiring an additional 66,029 shares in the last quarter. Finally, Algert Global LLC increased its stake in Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. StockNews.com upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Wedbush increased their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Stock Down 0.5 %

CCS stock opened at $90.36 on Monday. The company’s 50 day moving average price is $94.00 and its 200 day moving average price is $91.83. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 9.01 and a beta of 1.87. Century Communities, Inc. has a fifty-two week low of $71.46 and a fifty-two week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 EPS. On average, equities research analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

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.