Bank of New York Mellon Corp Sells 7,670 Shares of Century Communities, Inc. (NYSE:CCS)

Bank of New York Mellon Corp reduced its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after buying an additional 331 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Century Communities by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock worth $571,000 after acquiring an additional 562 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Century Communities by 11.2% in the fourth quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock worth $412,000 after purchasing an additional 565 shares during the period. GAMMA Investing LLC increased its stake in Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after buying an additional 594 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Century Communities by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,900 shares of the construction company's stock worth $1,166,000 after purchasing an additional 611 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Up 8.8%

Shares of CCS traded up $5.19 during trading hours on Tuesday, hitting $63.88. 616,326 shares of the company were exchanged, compared to its average volume of 383,027. The company has a market cap of $1.95 billion, a PE ratio of 6.61 and a beta of 1.44. The firm's 50 day moving average is $55.71 and its 200-day moving average is $63.56. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.57.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results 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). Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The business had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the previous year, the company earned $2.22 EPS. Century Communities's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.82%. Century Communities's dividend payout ratio is 12.01%.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of recent research reports. B. Riley started coverage on Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Wedbush reduced their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $85.00.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $54.68 per share, with a total value of $27,340.00. Following the completion of the purchase, the director directly owned 8,981 shares in the company, valued at approximately $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders acquired 2,400 shares of company stock valued at $130,426. 12.60% of the stock is currently owned by company insiders.

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.