Century Communities, Inc. (NYSE:CCS) Short Interest Down 12.5% in February

Century Communities, Inc. (NYSE:CCS) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,609,577 shares, a drop of 12.5% from the February 12th total of 1,838,770 shares. Based on an average trading volume of 217,416 shares, the short-interest ratio is presently 7.4 days. Approximately 6.3% of the shares of the company are short sold. Approximately 6.3% of the shares of the company are short sold. Based on an average trading volume of 217,416 shares, the short-interest ratio is presently 7.4 days.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citizens Jmp assumed coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. B. Riley Financial reissued a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Finally, Citigroup began coverage on shares of Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.75.

Insider Buying and Selling at Century Communities

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

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently made changes to their positions in the stock. New South Capital Management Inc. grew its position in Century Communities by 285.1% during the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock worth $36,169,000 after buying an additional 451,187 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after acquiring an additional 282,133 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after acquiring an additional 254,186 shares in the last quarter. Voss Capital LP lifted its position in shares of Century Communities by 280.0% in the 2nd quarter. Voss Capital LP now owns 285,000 shares of the construction company’s stock worth $16,051,000 after acquiring an additional 210,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Century Communities by 58.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock worth $30,239,000 after acquiring an additional 186,938 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 1.3%

CCS opened at $58.45 on Tuesday. The business has a 50 day moving average of $66.48 and a 200-day moving average of $63.65. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 12.03 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. Century Communities has a 1-year low of $50.42 and a 1-year high of $76.00.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. Century Communities’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.54 earnings per share. As a group, sell-side analysts anticipate that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is presently 26.34%.

Century Communities Company 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.