Man Group plc Sells 9,831 Shares of Century Communities, Inc. (NYSE:CCS)

Man Group plc reduced its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,274 shares of the construction company's stock after selling 9,831 shares during the period. Man Group plc's holdings in Century Communities were worth $240,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund grew its holdings in shares of Century Communities by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after purchasing an additional 349 shares during the period. KBC Group NV boosted its holdings in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after acquiring an additional 403 shares during the period. Principal Securities Inc. grew its holdings in shares of Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after purchasing an additional 460 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Century Communities by 7.8% during the 4th quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock worth $571,000 after buying an additional 562 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Century Communities by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after buying an additional 565 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Shares of NYSE:CCS traded down $0.03 on Thursday, hitting $52.96. The company had a trading volume of 489,934 shares, compared to its average volume of 372,205. The business has a 50 day moving average of $58.68 and a 200 day moving average of $70.80. Century Communities, Inc. has a 52-week low of $51.00 and a 52-week high of $108.42. The company has a market cap of $1.62 billion, a PE ratio of 5.09 and a beta of 1.57. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The firm had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.22 earnings per share. As a group, equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, May 28th. Century Communities's dividend payout ratio is presently 12.01%.

Analyst Ratings Changes

Several brokerages recently weighed in on CCS. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush lowered their target price 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $101.33.

Insider Transactions at Century Communities

In other Century Communities news, Director Elisa Z. Ramirez acquired 1,500 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $53.86 per share, with a total value of $80,790.00. Following the transaction, the director now directly owns 8,481 shares in the company, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders bought 2,400 shares of company stock worth $130,426. 12.60% 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.