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

Century Communities, Inc. (NYSE:CCS) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 1,110,000 shares, an increase of 6.7% from the May 31st total of 1,040,000 shares. Based on an average trading volume of 273,700 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCS. Westwood Holdings Group Inc. raised its stake in Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after buying an additional 409,068 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares in the last quarter. Norges Bank acquired a new position in Century Communities in the fourth quarter valued at approximately $11,727,000. American Century Companies Inc. boosted its holdings in shares of Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after buying an additional 97,953 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Century Communities by 27.8% during the 4th quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after buying an additional 73,991 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush raised Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 target price for the company in a report on Friday, May 31st.

Century Communities Trading Down 1.4 %

NYSE:CCS traded down $1.07 during mid-day trading on Tuesday, hitting $78.11. 240,398 shares of the company’s stock were exchanged, compared to its average volume of 302,933. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities has a fifty-two week low of $58.01 and a fifty-two week high of $97.92. The company has a 50 day simple moving average of $82.62 and a 200-day simple moving average of $85.69. The firm has a market capitalization of $2.48 billion, a P/E ratio of 8.67 and a beta of 1.86.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The company had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. As a group, research analysts expect that Century Communities will post 10.36 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, May 29th. Century Communities’s dividend payout ratio is presently 11.54%.

Century Communities Company 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.