Jefferies Financial Group Inc. Buys Shares of 33,900 Century Communities, Inc. (NYSE:CCS)

Jefferies Financial Group Inc. bought a new stake in Century Communities, Inc. (NYSE:CCS) during the 4th quarter, Holdings Channel.com reports. The firm bought 33,900 shares of the construction company’s stock, valued at approximately $2,487,000.

Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of 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. Sterling Capital Management LLC raised its stake in shares of Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after purchasing an additional 688 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Century Communities during the 4th quarter worth approximately $74,000. KBC Group NV raised its stake in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Century Communities during the 4th quarter worth approximately $142,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 1.1%

CCS stock opened at $56.76 on Wednesday. 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 firm has a market capitalization of $1.73 billion, a PE ratio of 5.46 and a beta of 1.57. Century Communities, Inc. has a 1-year low of $52.41 and a 1-year high of $108.42. The business’s 50 day simple moving average is $62.06 and its 200 day simple moving average is $73.41.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 earnings per share. As a group, research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, May 28th. Century Communities’s payout ratio is presently 12.01%.

Insider Buying and Selling

In other news, Director Elisa Z. Ramirez acquired 500 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $54.68 per share, with a total value of $27,340.00. Following the acquisition, the director now directly owns 8,981 shares in the company, valued at $491,081.08. This represents a 5.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have acquired 2,400 shares of company stock valued at $130,426. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CCS shares. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush dropped their price objective 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. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.33.

Century Communities Company 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.