Balyasny Asset Management L.P. Purchases 230,113 Shares of Century Communities, Inc. (NYSE:CCS)

Balyasny Asset Management L.P. lifted its position in Century Communities, Inc. (NYSE:CCS) by 51.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 679,307 shares of the construction company’s stock after acquiring an additional 230,113 shares during the period. Balyasny Asset Management L.P.’s holdings in Century Communities were worth $49,834,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in Century Communities by 8.5% in the third quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after purchasing an additional 5,981 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Century Communities in the third quarter worth approximately $340,000. Franklin Resources Inc. lifted its stake in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after acquiring an additional 51,021 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Century Communities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after acquiring an additional 10,453 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Century Communities by 24.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company’s stock valued at $847,000 after acquiring an additional 2,269 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCS. Wedbush reduced their target price on Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.33.

Century Communities Trading Down 0.7 %

CCS opened at $54.62 on Tuesday. Century Communities, Inc. has a 52 week low of $52.41 and a 52 week high of $108.42. The company has a market capitalization of $1.67 billion, a P/E ratio of 5.25 and a beta of 1.57. The stock’s fifty day moving average is $63.89 and its two-hundred day moving average is $74.88. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the previous year, the firm earned $2.22 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. Analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.12%. Century Communities’s dividend payout ratio (DPR) is currently 12.01%.

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.