Century Communities, Inc. $CCS Stock Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management cut its Century Communities stake by 67.5% in the second quarter, selling 125,224 shares and retaining 60,404 shares worth approximately $4.3 million.
• Century Communities exceeded quarterly expectations, reporting earnings per share of $1.30 versus a $0.63 consensus and revenue of $927.2 million, though revenue declined 8.1% year over year.
• The company maintains a quarterly dividend of $0.32 per share, equivalent to an annualized $1.28 payout and a 2.1% yield; analysts’ overall rating is “Hold” with an average price target of $67.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 67.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,404 shares of the construction company's stock after selling 125,224 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Century Communities worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCS. ProShare Advisors LLC lifted its holdings in shares of Century Communities by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company's stock worth $301,000 after purchasing an additional 155 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Century Communities by 7.8% during the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company's stock worth $134,000 after buying an additional 173 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company's stock valued at $793,000 after purchasing an additional 173 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Century Communities by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company's stock worth $867,000 after acquiring an additional 359 shares during the period. Finally, Parallel Advisors LLC lifted its position in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company's stock worth $36,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Up 0.3%

Shares of CCS opened at $62.24 on Thursday. The company has a 50-day simple moving average of $67.72 and a 200-day simple moving average of $62.11. The firm has a market capitalization of $1.77 billion, a P/E ratio of 13.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The business had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. During the same period last year, the business earned $1.37 earnings per share. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts expect that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 26th. Century Communities's dividend payout ratio (DPR) is presently 28.07%.

Analyst Upgrades and Downgrades

CCS has been the subject of several research reports. Zacks Research upgraded shares of Century Communities from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Zelman & Associates downgraded Century Communities from a "neutral" rating to an "underperform" rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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