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

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

Century Communities Trading Down 0.2 %

NYSE:CCS opened at $88.52 on Friday. 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 stock has a market capitalization of $2.77 billion, a PE ratio of 8.83 and a beta of 1.85. The firm’s 50 day moving average is $98.43 and its 200 day moving average is $90.76. Century Communities has a 12 month low of $63.25 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, 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 business 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 firm posted $2.58 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. Sell-side analysts expect that Century Communities will post 10.88 earnings per share for the current year.

Century Communities Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCS. B. Riley restated a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush lifted their price target 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.

Insider Activity at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was 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 of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Covestor Ltd grew its position in Century Communities by 95.0% in the first 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 purchased a new position in Century Communities in the first quarter worth $57,000. GAMMA Investing LLC grew its position in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares in the last quarter. Signaturefd LLC grew its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after acquiring an additional 115 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Century Communities during the second quarter valued at about $162,000. Institutional investors own 99.54% of the company’s stock.

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.