Century Communities, Inc. (NYSE:CCS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 1.8% in the 1st 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in Century Communities by 67.3% in 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 acquiring an additional 450,914 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after buying an additional 230,113 shares during the period. Marshall Wace LLP grew its position in Century Communities by 660.5% during the fourth quarter. Marshall Wace LLP now owns 202,518 shares of the construction company's stock worth $14,857,000 after buying an additional 175,887 shares during the period. Assenagon Asset Management S.A. grew its position in Century Communities by 806.7% during the first quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company's stock worth $8,582,000 after buying an additional 113,796 shares during the period. Finally, GAMMA Investing LLC grew its position in Century Communities by 10,656.4% during the first quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock worth $7,109,000 after buying an additional 104,966 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wedbush lowered their price target on shares of 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 initiated coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $85.00.

Insiders Place Their Bets

In other Century Communities news, Director Elisa Z. Ramirez bought 1,500 shares of the business's stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $53.86 per share, with a total value of $80,790.00. Following the purchase, the director owned 8,481 shares in the company, valued at approximately $456,786.66. The trade was a 21.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 2,400 shares of company stock worth $130,426 over the last quarter. Company insiders own 12.60% of the company's stock.

Century Communities Trading Up 0.2%

NYSE CCS traded up $0.15 during mid-day trading on Wednesday, reaching $63.87. 168,919 shares of the stock were exchanged, compared to its average volume of 444,473. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The business's fifty day simple moving average is $55.71 and its 200 day simple moving average is $63.56. The stock has a market capitalization of $1.95 billion, a PE ratio of 6.61 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.57.

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 for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The company had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 EPS. On average, research analysts anticipate 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. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's dividend payout ratio is currently 12.01%.

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.