Basswood Capital Management L.L.C. Sells 25,905 Shares of Century Communities, Inc. $CCS

Basswood Capital Management L.L.C. reduced its position in Century Communities, Inc. (NYSE:CCS) by 77.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,444 shares of the construction company’s stock after selling 25,905 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in Century Communities were worth $442,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its position in shares of Century Communities by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after acquiring an additional 155 shares during the period. Lazard Asset Management LLC boosted its position in shares of Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after acquiring an additional 173 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Century Communities by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock valued at $793,000 after acquiring an additional 173 shares during the period. CWM LLC boosted its position in shares of Century Communities by 1.7% in the fourth quarter. CWM LLC now owns 17,745 shares of the construction company’s stock valued at $1,053,000 after acquiring an additional 292 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. cut their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Century Communities currently has an average rating of “Reduce” and an average price target of $67.00.

Century Communities Trading Down 0.9%

Shares of Century Communities stock opened at $60.12 on Friday. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm has a market cap of $1.73 billion, a PE ratio of 13.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50 day simple moving average of $56.17 and a two-hundred day simple moving average of $61.01.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business had revenue of $789.67 million during the quarter, compared to analyst estimates of $961.12 million. During the same period in the previous year, the business posted $1.36 earnings per share. Century Communities’s revenue for the quarter was down 16.9% on a year-over-year basis. Analysts expect that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 annualized dividend and a yield of 2.1%. Century Communities’s payout ratio is presently 28.83%.

Century Communities Profile

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.