Century Communities, Inc. (NYSE:CCS) Short Interest Down 15.7% in January

Century Communities, Inc. (NYSE:CCS) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,772,609 shares, a decrease of 15.7% from the January 15th total of 2,102,164 shares. Currently, 7.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 286,411 shares, the short-interest ratio is currently 6.2 days. Based on an average daily trading volume, of 286,411 shares, the short-interest ratio is currently 6.2 days. Currently, 7.0% of the shares of the stock are short sold.

Century Communities Stock Performance

NYSE:CCS traded down $1.47 during trading hours on Tuesday, reaching $73.37. The stock had a trading volume of 237,932 shares, compared to its average volume of 307,476. The stock has a market cap of $2.13 billion, a P/E ratio of 15.10 and a beta of 1.58. Century Communities has a 12-month low of $50.42 and a 12-month high of $76.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day simple moving average of $64.82 and a 200 day simple moving average of $63.51.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $3.54 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.32 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, February 25th. Century Communities’s dividend payout ratio is 23.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citizens Jmp began coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price on the stock. Citigroup began coverage on Century Communities in a research note on Wednesday, January 21st. They set an “outperform” rating on the stock. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. B. Riley Financial restated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. Three equities 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 company’s stock. According to data from MarketBeat, Century Communities presently has an average rating of “Hold” and a consensus target price of $74.75.

Insider Transactions at Century Communities

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman directly owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Century Communities by 6.5% in the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after buying an additional 910 shares in the last quarter. AQR Capital Management LLC raised its position in Century Communities by 138.0% in the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after purchasing an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 529 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Century Communities by 1,513.3% during the 1st 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 during the period. Finally, Intech Investment Management LLC grew its stake in shares of Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after purchasing an additional 3,026 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

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.