Victory Capital Management Inc. Sells 10,095 Shares of Century Communities, Inc. (NYSE:CCS)

Key Points

• Victory Capital Management Inc. reduced its stake in Century Communities by 13.4%, leaving it with approximately 65,440 shares valued at around $4.4 million.
• Century Communities recently reported earnings of $1.37 per share, exceeding analysts' expectations, while its revenue was down 1.7% year-over-year.
• Insider activity includes a recent purchase by Director Elisa Z. Ramirez, who acquired 1,500 shares, raising her total ownership to 8,481 shares.

Victory Capital Management Inc. trimmed its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,440 shares of the construction company's stock after selling 10,095 shares during the quarter. Victory Capital Management Inc. owned about 0.21% of Century Communities worth $4,391,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Century Communities by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after acquiring an additional 5,375 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Century Communities by 67.3% during the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock valued at $82,200,000 after buying an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Century Communities by 14.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company's stock worth $58,791,000 after acquiring an additional 99,136 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Century Communities by 51.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock valued at $49,834,000 after acquiring an additional 230,113 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Century Communities by 16.6% during the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock valued at $25,195,000 after purchasing an additional 48,790 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Ratings Changes

CCS has been the topic of several analyst reports. Wedbush cut their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.00.

Insider Buying and Selling at Century Communities

In other news, Director Elisa Z. Ramirez bought 500 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director owned 8,981 shares of the company's stock, valued at approximately $491,081.08. The trade was a 5.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.90% of the company's stock.

Century Communities Stock Performance

CCS stock traded down $0.37 during mid-day trading on Monday, hitting $59.26. The company had a trading volume of 487,346 shares, compared to its average volume of 446,079. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $1.81 billion, a PE ratio of 7.24 and a beta of 1.44. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42. The stock's fifty day moving average price is $56.22 and its two-hundred day moving average price is $63.19.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The company's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 earnings per share. On average, analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

About Century Communities

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.