Century Communities, Inc. (NYSE:CCS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in shares of Century Communities, Inc. (NYSE:CCS – Get Rating) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,773 shares of the construction company’s stock after selling 982 shares during the period. Shell Asset Management Co.’s holdings in Century Communities were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCS. SummerHaven Investment Management LLC increased its stake in Century Communities by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,725 shares of the construction company’s stock worth $786,000 after buying an additional 242 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Century Communities by 3.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 11,817 shares of the construction company’s stock valued at $506,000 after purchasing an additional 341 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Century Communities by 5.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 9,060 shares of the construction company’s stock valued at $485,000 after purchasing an additional 430 shares in the last quarter. Paragon Wealth Strategies LLC acquired a new stake in Century Communities during the 3rd quarter worth $25,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Century Communities by 4.3% during the third quarter. MetLife Investment Management LLC now owns 16,216 shares of the construction company’s stock worth $694,000 after buying an additional 670 shares in the last quarter. 88.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Century Communities news, CFO John Scott Dixon sold 3,173 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $66.72, for a total value of $211,702.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert J. Francescon sold 25,000 shares of Century Communities stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $64.05, for a total value of $1,601,250.00. Following the completion of the transaction, the chief executive officer now owns 549,561 shares in the company, valued at $35,199,382.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Scott Dixon sold 3,173 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $66.72, for a total transaction of $211,702.56. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by corporate insiders.

Century Communities Trading Up 0.7 %

Shares of Century Communities stock opened at $66.74 on Wednesday. Century Communities, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 5.24 and a beta of 1.74. The stock has a 50 day moving average of $62.08 and a 200 day moving average of $56.39.

Century Communities (NYSE:CCS – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.29. Century Communities had a return on equity of 20.31% and a net margin of 9.80%. The firm had revenue of $735.60 million during the quarter, compared to the consensus estimate of $595.35 million. During the same period last year, the company earned $4.20 EPS. The company’s quarterly revenue was down 25.6% on a year-over-year basis. As a group, research analysts predict that Century Communities, Inc. will post 4.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CCS shares. B. Riley boosted their price target on shares of Century Communities from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. StockNews.com started coverage on Century Communities in a report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Century Communities in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.50.

Century Communities Profile

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.