Century Communities, Inc. (NYSE:CCS) Position Lowered by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its position in Century Communities, Inc. (NYSE:CCS) by 29.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,688 shares of the construction company’s stock after selling 3,550 shares during the period. Level Four Advisory Services LLC’s holdings in Century Communities were worth $637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities in the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC boosted its holdings in Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the period. KBC Group NV increased its stake in 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 purchasing an additional 403 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Century Communities during the fourth quarter worth $142,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Century Communities in the 3rd quarter worth about $144,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Ratings Changes

CCS has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.00.

Century Communities Stock Performance

CCS opened at $66.88 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $72.46 and its 200-day moving average is $82.93. The stock has a market cap of $2.07 billion, a PE ratio of 6.43 and a beta of 2.10. Century Communities, Inc. has a twelve month low of $66.07 and a twelve month high of $108.42.

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, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is currently 11.15%.

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.