Point72 Asia Singapore Pte. Ltd. Acquires New Position in Century Communities, Inc. (NYSE:CCS)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 4,820 shares of the construction company’s stock, valued at approximately $496,000.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Century Communities during the third quarter worth $51,000. Signaturefd LLC increased its holdings in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC raised its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after purchasing an additional 287 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities in the 3rd quarter valued at about $144,000. Finally, Innealta Capital LLC purchased a new position in shares of Century Communities in the 2nd quarter valued at about $162,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

CCS stock opened at $90.70 on Tuesday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.04 and a beta of 1.87. Century Communities, Inc. has a fifty-two week low of $74.25 and a fifty-two week high of $108.42. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $93.75 and a 200 day moving average price of $91.85.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion during 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 revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. Equities research analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business 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. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.15%. Century Communities’s dividend payout ratio is presently 10.37%.

Analyst Ratings Changes

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

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.