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

Century Communities, Inc. (NYSE:CCS) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,000,000 shares, an increase of 8.1% from the December 15th total of 1,850,000 shares. Based on an average daily volume of 338,500 shares, the days-to-cover ratio is presently 5.9 days. Approximately 7.2% of the company’s shares are sold short.

Institutional Trading of Century Communities

Several large investors have recently modified their holdings of the company. Westwood Holdings Group Inc. lifted its holdings in Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Century Communities by 9.9% in the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after acquiring an additional 49,256 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Century Communities by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after purchasing an additional 16,397 shares during the period. Franklin Resources Inc. lifted its holdings in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after purchasing an additional 51,021 shares in the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after purchasing an additional 46,104 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 1.9 %

Shares of NYSE CCS traded down $1.46 during trading hours on Monday, hitting $75.91. The company’s stock had a trading volume of 412,114 shares, compared to its average volume of 375,869. Century Communities has a 12 month low of $68.49 and a 12 month high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $81.09 and a 200-day simple moving average of $90.74. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 7.57 and a beta of 1.91.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. Century Communities’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. On average, analysts anticipate that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush raised their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

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.