Century Communities, Inc. (NYSE:CCS) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in Century Communities, Inc. (NYSE:CCS) by 29.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,456 shares of the construction company’s stock after selling 3,899 shares during the period. PDT Partners LLC’s holdings in Century Communities were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CCS. Schonfeld Strategic Advisors LLC lifted its stake in shares of Century Communities by 44.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 31,540 shares of the construction company’s stock worth $2,314,000 after buying an additional 9,737 shares during the period. Northern Trust Corp raised its stake in Century Communities by 16.6% in the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company’s stock worth $25,195,000 after acquiring an additional 48,790 shares during the last quarter. Oberweis Asset Management Inc. lifted its position in Century Communities by 28.7% during the 4th quarter. Oberweis Asset Management Inc. now owns 248,000 shares of the construction company’s stock worth $18,193,000 after acquiring an additional 55,300 shares during the period. Hsbc Holdings PLC grew its stake in Century Communities by 193.9% during the 4th quarter. Hsbc Holdings PLC now owns 13,853 shares of the construction company’s stock valued at $1,022,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Century Communities by 16.3% in the fourth quarter. Stifel Financial Corp now owns 17,435 shares of the construction company’s stock valued at $1,279,000 after purchasing an additional 2,444 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. Wedbush cut their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and an average price target of $101.33.

Century Communities Trading Down 0.1 %

Shares of NYSE:CCS opened at $54.49 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12-month low of $52.41 and a 12-month high of $108.42. The business has a 50 day moving average of $64.62 and a two-hundred day moving average of $75.90. The company has a market capitalization of $1.67 billion, a PE ratio of 5.24 and a beta of 1.76.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million for the quarter, compared to analysts’ expectations of $914.20 million. During the same period last year, the company posted $2.22 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.13%. Century Communities’s dividend payout ratio (DPR) is 12.01%.

About Century Communities

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.