New York State Teachers Retirement System Sells 8,665 Shares of Century Communities, Inc. $CCS

New York State Teachers Retirement System cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 79.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,210 shares of the construction company’s stock after selling 8,665 shares during the period. New York State Teachers Retirement System’s holdings in Century Communities were worth $127,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Century Communities in the 4th quarter valued at about $70,000. Jones Financial Companies Lllp increased its stake in shares of Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Century Communities by 28.8% in the 4th quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after acquiring an additional 431 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on CCS shares. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $67.00.

Century Communities Stock Performance

Shares of CCS stock opened at $65.33 on Wednesday. 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 52 week low of $47.28 and a 52 week high of $76.00. The company’s 50 day moving average price is $59.20 and its two-hundred day moving average price is $61.56. The company has a market capitalization of $1.88 billion, a P/E ratio of 14.71 and a beta of 1.29.

Century Communities (NYSE:CCS) last released 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 net margin of 3.31% and a return on equity of 6.24%. The company had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. During the same quarter in the prior year, the company earned $1.36 earnings per share. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. On average, analysts expect that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid 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 yield of 2.0%. Century Communities’s dividend payout ratio is presently 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.