Century Communities, Inc. (NYSE:CCS) Short Interest Update

Century Communities, Inc. (NYSE:CCS) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,370,000 shares, an increase of 5.4% from the September 30th total of 1,300,000 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 280,700 shares, the short-interest ratio is currently 4.9 days.

Century Communities Trading Down 0.2 %

Shares of CCS stock opened at $88.52 on Friday. Century Communities has a 1 year low of $63.25 and a 1 year high of $108.42. The firm has a fifty day moving average price of $98.43 and a 200-day moving average price of $90.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 8.83 and a beta of 1.85.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $2.58 EPS. Century Communities’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts predict that Century Communities will post 10.88 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, August 28th. Century Communities’s payout ratio is currently 10.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCS shares. Wedbush boosted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley restated a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Insider Transactions at Century Communities

In other news, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Century Communities

Several hedge funds have recently made changes to their positions in CCS. Covestor Ltd grew its stake in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after acquiring an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Century Communities during the first quarter valued at approximately $57,000. Signaturefd LLC boosted its stake in shares of Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after purchasing an additional 287 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Century Communities during the second quarter valued at approximately $162,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

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.