Y Intercept Hong Kong Ltd Invests $1.06 Million in Century Communities, Inc. (NYSE:CCS)

Y Intercept Hong Kong Ltd acquired a new position in Century Communities, Inc. (NYSE:CCS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,304 shares of the construction company’s stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ausbil Investment Management Ltd purchased a new stake in Century Communities in the third quarter worth about $618,000. Seven Eight Capital LP purchased a new stake in Century Communities during the second quarter valued at $624,000. Quest Partners LLC increased its position in shares of Century Communities by 314.1% during the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock valued at $1,470,000 after purchasing an additional 10,827 shares during the last quarter. Point72 Asset Management L.P. raised its position in Century Communities by 15.9% in the second quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock worth $3,408,000 after acquiring an additional 5,733 shares during the period. Finally, Pier Capital LLC lifted its position in Century Communities by 33.0% during the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock valued at $8,098,000 after purchasing an additional 24,630 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 0.0 %

Shares of NYSE:CCS opened at $84.80 on Friday. The business has a 50 day simple moving average of $91.39 and a two-hundred day simple moving average of $91.83. The firm has a market capitalization of $2.66 billion, a PE ratio of 8.45 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 1 year low of $74.76 and a 1 year high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 earnings per share. On average, equities analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.23%. Century Communities’s dividend payout ratio is currently 10.37%.

Analyst Ratings Changes

CCS has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. B. Riley reaffirmed a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, Wedbush increased 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.

About Century Communities

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.