Century Communities, Inc. (NYSE:CCS) Shares Sold by Covestor Ltd

Covestor Ltd trimmed its position in shares of Century Communities, Inc. (NYSE:CCS) by 21.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 512 shares of the construction company’s stock after selling 141 shares during the period. Covestor Ltd’s holdings in Century Communities were worth $53,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CCS. Signaturefd LLC raised its holdings in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 287 shares in the last quarter. Innealta Capital LLC purchased a new stake in Century Communities during the second quarter worth about $162,000. nVerses Capital LLC lifted its position in shares of Century Communities by 100.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock worth $180,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Century Communities in the second quarter valued at approximately $180,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Wedbush increased their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, B. Riley reissued 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.

Century Communities Trading Up 2.4 %

NYSE CCS opened at $87.68 on Friday. Century Communities, Inc. has a 52 week low of $70.82 and a 52 week high of $108.42. The firm has a 50 day moving average of $96.78 and a two-hundred day moving average of $91.34. 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 stock has a market capitalization of $2.75 billion, a PE ratio of 8.74 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. As a group, research analysts expect that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared 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 1.19%. Century Communities’s dividend payout ratio is currently 10.37%.

Insiders Place Their Bets

In other Century Communities news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by corporate insiders.

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.