SG Americas Securities LLC Cuts Position in Century Communities, Inc. (NYSE:CCS)

SG Americas Securities LLC decreased its holdings in Century Communities, Inc. (NYSE:CCS) by 92.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,442 shares of the construction company’s stock after selling 18,350 shares during the period. SG Americas Securities LLC’s holdings in Century Communities were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Century Communities by 2.4% during the first quarter. BlackRock Inc. now owns 5,029,717 shares of the construction company’s stock valued at $321,499,000 after purchasing an additional 118,079 shares during the period. Vanguard Group Inc. raised its stake in shares of Century Communities by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock valued at $116,132,000 after purchasing an additional 39,505 shares during the period. State Street Corp raised its stake in shares of Century Communities by 5.9% during the first quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock valued at $70,378,000 after purchasing an additional 72,801 shares during the period. Jennison Associates LLC raised its stake in shares of Century Communities by 17.3% during the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock valued at $74,424,000 after purchasing an additional 164,478 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Century Communities by 3.5% during the second quarter. Geode Capital Management LLC now owns 556,496 shares of the construction company’s stock valued at $42,639,000 after purchasing an additional 18,769 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 analysts have recently issued reports on CCS shares. Wedbush reiterated an “underperform” rating and set a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd. B. Riley upped their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st.

Century Communities Stock Down 1.6 %

NYSE:CCS opened at $79.30 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.85 and a beta of 1.71. Century Communities, Inc. has a one year low of $58.01 and a one year high of $97.92. The stock has a 50-day simple moving average of $87.48 and a 200 day simple moving average of $80.32.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $915.91 million. Sell-side analysts predict that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 annualized dividend and a yield of 1.31%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is presently 12.92%.

Century Communities Company Profile

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.