Janney Montgomery Scott LLC Purchases Shares of 6,299 Century Communities, Inc. (NYSE:CCS)

Janney Montgomery Scott LLC purchased a new position in Century Communities, Inc. (NYSE:CCS) in the 1st quarter, HoldingsChannel reports. The fund purchased 6,299 shares of the construction company’s stock, valued at approximately $423,000.

A number of other large investors have also modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Century Communities by 67.3% in the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock valued at $82,200,000 after purchasing an additional 450,914 shares during the period. Balyasny Asset Management L.P. increased its holdings in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock worth $49,834,000 after purchasing an additional 230,113 shares during the period. Marshall Wace LLP raised its position in Century Communities by 660.5% in the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company’s stock valued at $14,857,000 after purchasing an additional 175,887 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Century Communities by 806.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company’s stock valued at $8,582,000 after buying an additional 113,796 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Century Communities by 10,656.4% in the 1st quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company’s stock valued at $7,109,000 after buying an additional 104,966 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Elisa Z. Ramirez bought 500 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the acquisition, the director owned 8,981 shares in the company, valued at approximately $491,081.08. This represents a 5.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 2,400 shares of company stock worth $130,426 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

Century Communities Stock Down 2.3%

Century Communities stock opened at $59.67 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 6.18 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s fifty day moving average is $54.46 and its two-hundred day moving average is $64.87. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analysts’ expectations of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 EPS. On average, sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.94%. Century Communities’s payout ratio is currently 12.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley began coverage on shares of Century Communities in a research note on Monday. They set a “buy” rating and a $70.00 target price on the stock. Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.00.

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.