Century Communities, Inc. (NYSE:CCS) Stock Position Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,488 shares of the construction company’s stock after selling 13,271 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of Century Communities worth $2,163,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Illinois Municipal Retirement Fund raised its holdings in Century Communities by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock worth $1,157,000 after buying an additional 349 shares during the period. KBC Group NV raised its holdings in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the period. Principal Securities Inc. lifted its position in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after acquiring an additional 460 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Century Communities in the 3rd quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC grew its position in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

CCS opened at $68.72 on Wednesday. The stock has a fifty day moving average price of $73.07 and a 200 day moving average price of $84.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1 year low of $66.07 and a 1 year high of $108.42. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 6.61 and a beta of 2.10.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is presently 11.15%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCS. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $97.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.00.

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.