Century Communities, Inc. $CCS Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 76.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,602 shares of the construction company’s stock after selling 21,330 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Century Communities were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCS. Vanguard Group Inc. grew its position in shares of Century Communities by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Century Communities by 10.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock worth $14,300,000 after purchasing an additional 22,450 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Century Communities by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 338,699 shares of the construction company’s stock valued at $21,463,000 after buying an additional 71,688 shares in the last quarter. Aristeia Capital L.L.C. purchased a new stake in Century Communities in the 4th quarter valued at approximately $1,016,000. Finally, SG Americas Securities LLC grew its holdings in Century Communities by 311.2% during the 1st quarter. SG Americas Securities LLC now owns 41,732 shares of the construction company’s stock valued at $2,395,000 after buying an additional 31,582 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings downgraded Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. dropped their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Finally, B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and cut their target price for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $67.00.

Century Communities Stock Up 3.1%

Shares of NYSE CCS opened at $68.29 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 15.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm’s 50 day moving average price is $59.72 and its 200 day moving average price is $61.68.

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

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities’s payout ratio is currently 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.