Century Communities, Inc. (NYSE:CCS) Short Interest Update

Century Communities, Inc. (NYSE:CCS) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,609,577 shares, a decrease of 12.5% from the February 12th total of 1,838,770 shares. Based on an average trading volume of 217,416 shares, the short-interest ratio is presently 7.4 days. Approximately 6.3% of the company’s shares are short sold. Approximately 6.3% of the company’s shares are short sold. Based on an average trading volume of 217,416 shares, the short-interest ratio is presently 7.4 days.

Insider Activity

In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the transaction, the chairman owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 411 shares in the last quarter. Traub Capital Management LLC acquired a new stake in shares of Century Communities during the second quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its stake in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Century Communities in the fourth quarter worth $70,000. Finally, Jones Financial Companies Lllp raised its holdings in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Century Communities stock opened at $56.33 on Thursday. Century Communities has a 12-month low of $50.42 and a 12-month high of $76.00. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s fifty day moving average price is $66.42 and its 200 day moving average price is $63.55.

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, beating analysts’ consensus estimates of $1.39 by $0.20. The company had revenue of $1.23 billion during 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 firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.54 EPS. On average, research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a $0.32 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Century Communities’s dividend payout ratio (DPR) is currently 26.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Citigroup began coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. Citizens Jmp began coverage on Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price on the stock. Finally, Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.75.

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.