Harbor Capital Advisors Inc. Sells 5,512 Shares of Century Communities, Inc. (NYSE:CCS)

Harbor Capital Advisors Inc. trimmed its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 47.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,036 shares of the construction company's stock after selling 5,512 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Century Communities were worth $405,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock worth $17,328,000 after purchasing an additional 51,589 shares during the last quarter. GAMMA Investing LLC increased its holdings in Century Communities by 10,656.4% during the 1st quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock valued at $7,109,000 after purchasing an additional 104,966 shares during the period. JPMorgan Chase & Co. lifted its holdings in Century Communities by 22.8% in the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after buying an additional 47,171 shares during the period. Principal Financial Group Inc. grew its position in shares of Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after buying an additional 3,747 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Elisa Z. Ramirez acquired 1,500 shares of the firm's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $53.86 per share, with a total value of $80,790.00. Following the acquisition, the director now directly owns 8,481 shares in the company, valued at $456,786.66. The trade was a 21.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have bought 2,400 shares of company stock worth $130,426. Company insiders own 12.60% of the company's stock.

Century Communities Trading Down 0.5%

Shares of NYSE CCS traded down $0.26 during midday trading on Wednesday, hitting $52.11. The stock had a trading volume of 133,882 shares, compared to its average volume of 378,253. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 5.39 and a beta of 1.43. The company has a fifty day moving average price of $55.23 and a 200 day moving average price of $67.26.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.22 earnings per share. On average, 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. Stockholders 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 dividend yield of 2.23%. Century Communities's dividend payout ratio is 12.01%.

Wall Street Analysts Forecast Growth

Separately, Wedbush dropped their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $101.33.

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.