Century Communities, Inc. $CCS Shares Sold by UBS Group AG

UBS Group AG reduced its stake in shares of Century Communities, Inc. (NYSE:CCS) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,052 shares of the construction company’s stock after selling 26,469 shares during the period. UBS Group AG’s holdings in Century Communities were worth $5,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCS. EverSource Wealth Advisors LLC lifted its position in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares during the period. Jones Financial Companies Lllp lifted its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the period. State of Wyoming lifted its position in Century Communities by 37.3% during the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after purchasing an additional 447 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Century Communities during the third quarter valued at $119,000. Finally, Lazard Asset Management LLC lifted its position in Century Communities by 7.8% during the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CCS shares. Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $67.00.

Century Communities Stock Up 3.8%

CCS stock opened at $52.35 on Friday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 11.79 and a beta of 1.37. The firm has a 50-day simple moving average of $56.79 and a 200-day simple moving average of $61.43. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. The business had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. Equities analysts forecast that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. Century Communities’s payout ratio is presently 28.83%.

Century Communities Company 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.