Century Communities, Inc. (NYSE:CCS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 47.7% during the 1st 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 period. Harbor Capital Advisors Inc.'s holdings in Century Communities were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings in Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after buying an additional 331 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC acquired a new stake in Century Communities during the fourth quarter worth about $74,000. Finally, Principal Securities Inc. raised its stake in Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insider Activity

In other Century Communities news, Director Elisa Z. Ramirez bought 500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $54.68 per share, with a total value of $27,340.00. Following the transaction, the director now owns 8,981 shares of the company's stock, valued at approximately $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 2,400 shares of company stock worth $130,426. 11.90% of the stock is currently owned by company insiders.

Century Communities Stock Down 3.3%

Shares of CCS opened at $52.91 on Friday. The company's 50-day moving average price is $55.51 and its 200 day moving average price is $67.78. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.62 billion, a P/E ratio of 5.09 and a beta of 1.43.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the company posted $2.22 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, May 28th. Century Communities's dividend payout ratio is currently 12.01%.

Analysts Set New Price Targets

Separately, Wedbush dropped their price target on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $101.33.

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.

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