Jennison Associates LLC Cuts Position in Century Communities, Inc. (NYSE:CCS)

Jennison Associates LLC trimmed its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,402 shares of the construction company's stock after selling 8,264 shares during the period. Jennison Associates LLC owned about 1.50% of Century Communities worth $30,692,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of 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. Janney Montgomery Scott LLC acquired a new stake in Century Communities in the first quarter valued at approximately $423,000. Principal Financial Group Inc. raised its stake in shares of Century Communities by 1.4% during the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after purchasing an additional 1,870 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Century Communities during the first quarter valued at approximately $982,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Century Communities by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock worth $3,364,000 after purchasing an additional 3,036 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wedbush dropped their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. B. Riley initiated 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Century Communities currently has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities Price Performance

Shares of NYSE:CCS opened at $59.04 on Friday. The business has a fifty day simple moving average of $55.71 and a 200 day simple moving average of $63.62. The company has a current ratio of 0.57, a quick 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 firm has a market cap of $1.80 billion, a price-to-earnings ratio of 6.11 and a beta of 1.44.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 EPS. As a group, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders 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 dividend yield of 1.96%. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

Insider Buying and Selling at Century Communities

In related news, Director Elisa Z. Ramirez bought 500 shares of Century Communities stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the purchase, the director owned 8,981 shares in the company, valued at approximately $491,081.08. This represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 2,400 shares of company stock valued at $130,426 over the last three months. 11.90% of the stock is currently owned by corporate insiders.

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.

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