Victory Capital Management Inc. Trims Stake in Century Communities, Inc. (NYSE:CCS)

Victory Capital Management Inc. decreased its position in shares of Century Communities, Inc. (NYSE:CCS) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,055 shares of the construction company’s stock after selling 1,921 shares during the period. Victory Capital Management Inc. owned 0.23% of Century Communities worth $7,523,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after purchasing an additional 13,861 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.2% during 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 period. Assenagon Asset Management S.A. grew 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 worth $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Marshall Wace LLP increased its stake in Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares during the period. Finally, Millennium Management LLC lifted its holdings in Century Communities by 16.6% during the 2nd quarter. Millennium Management LLC now owns 137,607 shares of the construction company’s stock valued at $11,237,000 after buying an additional 19,630 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the subject of several research reports. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, B. Riley reiterated 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.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.90% of the stock is currently owned by insiders.

Century Communities Price Performance

NYSE CCS opened at $87.28 on Friday. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42. The firm’s fifty day simple moving average is $95.84 and its two-hundred day simple moving average is $91.52. 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 has a market capitalization of $2.74 billion, a P/E ratio of 8.70 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company 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 company posted $2.58 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts forecast that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

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.