Century Communities, Inc. $CCS Stake Lowered by New South Capital Management Inc.

New South Capital Management Inc. lowered its holdings in Century Communities, Inc. (NYSE:CCS) by 34.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 403,652 shares of the construction company’s stock after selling 209,308 shares during the period. Century Communities comprises 1.7% of New South Capital Management Inc.’s portfolio, making the stock its 21st largest position. New South Capital Management Inc. owned 1.43% of Century Communities worth $24,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Illinois Municipal Retirement Fund boosted its stake in shares of Century Communities by 12.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 14,146 shares of the construction company’s stock valued at $852,000 after buying an additional 1,583 shares during the last quarter. Fulcrum Asset Management LLP increased its stake in shares of Century Communities by 293.8% in the third quarter. Fulcrum Asset Management LLP now owns 4,096 shares of the construction company’s stock worth $248,000 after buying an additional 3,056 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Century Communities in the third quarter worth $292,000. Bridge City Capital LLC increased its stake in shares of Century Communities by 14.0% in the third quarter. Bridge City Capital LLC now owns 149,894 shares of the construction company’s stock worth $9,031,000 after buying an additional 18,414 shares during the last quarter. Finally, Summit Global Investments raised its holdings in Century Communities by 5.5% in the third quarter. Summit Global Investments now owns 16,699 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 876 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

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

Century Communities Trading Down 2.1%

NYSE:CCS opened at $52.95 on Thursday. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 11.32 and a beta of 1.30. The business has a fifty day moving average of $58.25 and a 200-day moving average of $61.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21). The company had revenue of $864.47 million for the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a net margin of 2.86% and a return on equity of 5.41%. Century Communities’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Equities analysts predict that Century Communities, Inc. will post 3.61 earnings per share for the current year.

Century Communities Announces Dividend

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

About Century Communities

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.