Bank of New York Mellon Corp Lowers Stake in Century Communities, Inc. (NYSE:CCS)

Bank of New York Mellon Corp lessened its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,479 shares of the construction company's stock after selling 7,670 shares during the period. Bank of New York Mellon Corp owned 0.93% of Century Communities worth $19,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Century Communities in the fourth quarter valued at about $877,000. Intech Investment Management LLC boosted its stake in Century Communities by 101.9% in the fourth quarter. Intech Investment Management LLC now owns 18,070 shares of the construction company's stock valued at $1,326,000 after buying an additional 9,122 shares in the last quarter. Boston Partners acquired a new stake in Century Communities in the fourth quarter valued at about $650,000. Magnetar Financial LLC acquired a new stake in Century Communities in the fourth quarter valued at about $883,000. Finally, Quantbot Technologies LP boosted its stake in Century Communities by 38.6% in the fourth quarter. Quantbot Technologies LP now owns 16,852 shares of the construction company's stock valued at $1,236,000 after buying an additional 4,696 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Century Communities Trading Down 1.5%

NYSE:CCS traded down $0.89 during mid-day trading on Friday, reaching $59.04. 278,847 shares of the company's stock traded hands, compared to its average volume of 382,693. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 6.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50 day moving average price of $55.71 and a 200-day moving average price of $63.62.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 earnings per share. On average, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 1.96%. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez bought 1,500 shares of the firm's stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the purchase, the director owned 8,481 shares in the company, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders purchased 2,400 shares of company stock valued at $130,426. Corporate insiders own 11.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CCS. Wedbush cut their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. B. Riley started coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Century Communities presently has an average rating of "Hold" and an average target price of $85.00.

Century Communities 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.