Mutual of America Capital Management LLC Sells 503 Shares of Century Communities, Inc. (NYSE:CCS)

Mutual of America Capital Management LLC lowered its position in Century Communities, Inc. (NYSE:CCS) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,148 shares of the construction company’s stock after selling 503 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Century Communities were worth $427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Century Communities in the 2nd quarter valued at approximately $7,419,000. Westwood Holdings Group Inc. raised its position in Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In related news, Director John P. Box sold 11,282 shares of the firm’s 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 transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. 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 research note on Thursday, October 24th. B. Riley reiterated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, StockNews.com raised Century Communities from a “sell” rating to a “hold” rating in a research note on Wednesday.

Century Communities Stock Performance

Shares of CCS opened at $90.80 on Thursday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 9.05 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $94.58 and its two-hundred day simple moving average is $91.74. Century Communities, Inc. has a 12 month low of $70.82 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. Century Communities’s revenue was up 23.7% on a year-over-year basis. As a group, analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.15%. Century Communities’s payout ratio is 10.37%.

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.