Century Communities, Inc. (NYSE:CCS) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in Century Communities, Inc. (NYSE:CCS) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 8,128 shares of the construction company’s stock after selling 523 shares during the quarter. Amalgamated Bank’s holdings in Century Communities were worth $837,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Westwood Holdings Group Inc. grew its stake in Century Communities by 106.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after acquiring an additional 409,068 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities in the second quarter worth about $7,419,000. Marshall Wace LLP increased its stake in shares of Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares during the last quarter. Finally, Algert Global LLC grew its stake in Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCS. Wedbush boosted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, B. Riley reissued a “buy” rating and set a $119.00 price objective (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. The company has a market capitalization of $2.75 billion, a PE ratio of 8.54 and a beta of 1.87. The firm’s fifty day simple moving average is $96.78 and its 200-day simple moving average is $91.34. Century Communities, Inc. has a 1-year low of $70.82 and a 1-year high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 earnings per share. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 10.88 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. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Insider Activity at Century Communities

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

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.