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

Century Communities, Inc. (NYSE:CCS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,300,000 shares, a decline of 10.3% from the September 15th total of 1,450,000 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average trading volume of 304,600 shares, the days-to-cover ratio is currently 4.3 days.

Wall Street Analyst Weigh In

CCS has been the topic of several research reports. Wedbush boosted their price target on shares of Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. B. Riley lifted their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th.

Insiders Place Their Bets

In other news, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Century Communities news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Century Communities

Large investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. raised its position 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 valued at $76,610,000 after buying an additional 409,068 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities in the 2nd quarter valued at about $7,419,000. Marshall Wace LLP lifted its position in shares of Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Century Communities by 673.8% during the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock worth $5,430,000 after purchasing an additional 57,904 shares during the period. Finally, Algert Global LLC grew its position in Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after purchasing an additional 57,341 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of NYSE:CCS traded down $2.07 on Thursday, reaching $101.50. 179,233 shares of the company traded hands, compared to its average volume of 299,098. The stock has a market capitalization of $3.23 billion, a PE ratio of 11.27 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day moving average is $98.82 and its 200-day moving average is $90.36. Century Communities has a fifty-two week low of $58.01 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.46 by $0.19. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. Century Communities’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, analysts anticipate that Century Communities will post 10.98 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is currently 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.