Swiss National Bank Sells 600 Shares of Century Communities, Inc. (NYSE:CCS)

Swiss National Bank lowered its stake in shares of Century Communities, Inc. (NYSE:CCS) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 55,866 shares of the construction company’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in Century Communities were worth $5,753,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in Century Communities by 50.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock valued at $3,778,000 after purchasing an additional 13,091 shares during the period. Vanguard Group Inc. increased its position in Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after purchasing an additional 13,861 shares during the period. Ausbil Investment Management Ltd purchased a new position in Century Communities during the 3rd quarter valued at about $618,000. Seven Eight Capital LP purchased a new position in Century Communities during the 2nd quarter valued at about $624,000. Finally, Point72 Asset Management L.P. increased its position in Century Communities by 15.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock valued at $3,408,000 after purchasing an additional 5,733 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 0.1 %

Shares of Century Communities stock opened at $90.80 on Thursday. The company has a market cap of $2.85 billion, a P/E ratio of 9.05 and a beta of 1.87. Century Communities, Inc. has a 52-week low of $70.82 and a 52-week high of $108.42. 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 firm’s 50 day moving average price is $94.58 and its 200-day moving average price is $91.74.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. Century Communities’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. On average, sell-side analysts predict that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Insiders Place Their Bets

In other Century Communities news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on 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 sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCS. B. Riley reaffirmed a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush lifted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Wednesday.

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.