Century Communities, Inc. (NYSE:CCS) Sees Large Decrease in Short Interest

Century Communities, Inc. (NYSE:CCS) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,772,609 shares, a decline of 15.7% from the January 15th total of 2,102,164 shares. Currently, 7.0% of the company’s stock are short sold. Based on an average daily volume of 286,411 shares, the days-to-cover ratio is currently 6.2 days. Based on an average daily volume of 286,411 shares, the days-to-cover ratio is currently 6.2 days. Currently, 7.0% of the company’s stock are short sold.

Century Communities Trading Down 0.5%

Shares of Century Communities stock traded down $0.37 during trading on Wednesday, hitting $73.06. The stock had a trading volume of 171,420 shares, compared to its average volume of 304,009. Century Communities has a 1 year low of $50.42 and a 1 year high of $76.00. The stock has a 50 day simple moving average of $64.82 and a 200 day simple moving average of $63.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.12 billion, a PE ratio of 15.05 and a beta of 1.58.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.54 EPS. On average, research analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 annualized dividend and a yield of 1.8%. Century Communities’s dividend payout ratio (DPR) is presently 26.34%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CCS. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Citigroup began coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating on the stock. B. Riley Financial restated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Citizens Jmp assumed coverage on Century Communities in a research report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.75.

Insider Buying and Selling at Century Communities

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. This represents a 15.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is owned by insiders.

Institutional Trading of Century Communities

Several institutional investors have recently made changes to their positions in CCS. Parallel Advisors LLC increased its stake in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares during the period. Traub Capital Management LLC acquired a new position in shares of Century Communities in the second quarter worth $39,000. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Century Communities during the fourth quarter valued at $70,000. Finally, Jones Financial Companies Lllp boosted its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.