New South Capital Management Inc. Sells 209,308 Shares of Century Communities, Inc. $CCS

New South Capital Management Inc. decreased its position in shares of Century Communities, Inc. (NYSE:CCS) by 34.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,652 shares of the construction company’s stock after selling 209,308 shares during the period. Century Communities accounts for about 1.7% of New South Capital Management Inc.’s investment portfolio, making the stock its 21st largest holding. New South Capital Management Inc.’s holdings in Century Communities were worth $24,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Century Communities during the 2nd quarter valued at $367,973,000. Wellington Management Group LLP raised its stake in shares of Century Communities by 15.1% in the 2nd quarter. Wellington Management Group LLP now owns 1,050,982 shares of the construction company’s stock worth $75,313,000 after buying an additional 137,957 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Century Communities in the second quarter valued at $37,006,000. Lakewood Capital Management LP acquired a new stake in shares of Century Communities in the second quarter valued at $34,898,000. Finally, Jennison Associates LLC lifted its holdings in shares of Century Communities by 4.9% in the first quarter. Jennison Associates LLC now owns 349,512 shares of the construction company’s stock valued at $20,055,000 after buying an additional 16,467 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 2.1%

Century Communities stock opened at $52.95 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 11.32 and a beta of 1.30. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm’s 50 day moving average price is $58.25 and its two-hundred day moving average price is $61.73.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21). Century Communities had a net margin of 2.86% and a return on equity of 5.41%. The company had revenue of $864.47 million for the quarter, compared to analyst estimates of $949.83 million. During the same quarter last year, the company posted $1.52 EPS. Century Communities’s revenue was down 11.8% on a year-over-year basis. On average, research analysts predict that Century Communities, Inc. will post 3.61 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. Century Communities’s payout ratio is 34.13%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCS shares. Wall Street Zen lowered Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. B. Riley Financial dropped their price target on shares of Century Communities from $64.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Finally, Weiss Ratings lowered shares of Century Communities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $63.00.

Century Communities Profile

Century Communities, Inc. is a U.S. homebuilder that designs, constructs, markets and sells single-family homes and townhomes. The company offers homes at a range of price points and sells them through its Century Communities and Century Complete brands. Founded in 2002, the company operates in markets across the United States. Its related services include mortgage lending and title services, which support customers through the home-buying process. Co-founder Robert J. Francescon serves as the company’s chief executive officer.