PDT Partners LLC Has $1.38 Million Holdings in Century Communities, Inc. (NYSE:CCS)

PDT Partners LLC increased its position in Century Communities, Inc. (NYSE:CCS) by 32.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,355 shares of the construction company’s stock after buying an additional 3,251 shares during the period. PDT Partners LLC’s holdings in Century Communities were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. increased its position in Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after acquiring an additional 89,310 shares during the period. Jennison Associates LLC increased its holdings in shares of Century Communities by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after buying an additional 16,397 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after buying an additional 295,729 shares during the period. Finally, Marshall Wace LLP grew its position in Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the subject of several recent research reports. StockNews.com raised Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley reaffirmed a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush boosted their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Century Communities Trading Down 0.5 %

CCS stock opened at $90.36 on Monday. Century Communities, Inc. has a 1-year low of $71.46 and a 1-year 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 business’s 50 day moving average is $94.00 and its 200-day moving average is $91.83. The firm has a market cap of $2.83 billion, a P/E ratio of 9.01 and a beta of 1.87.

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

Century Communities Announces Dividend

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