Century Communities, Inc. (NYSE:CCS) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,004 shares of the construction company's stock after selling 6,082 shares during the period. Millennium Management LLC owned 0.51% of Century Communities worth $11,665,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Century Communities by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,900 shares of the construction company's stock worth $1,166,000 after buying an additional 611 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Century Communities in the fourth quarter worth $2,487,000. Deutsche Bank AG increased its position in Century Communities by 219.1% in the fourth quarter. Deutsche Bank AG now owns 68,662 shares of the construction company's stock worth $5,037,000 after buying an additional 47,147 shares during the period. D. E. Shaw & Co. Inc. increased its position in Century Communities by 50.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 146,722 shares of the construction company's stock worth $10,764,000 after buying an additional 49,070 shares during the period. Finally, Crestline Management LP acquired a new stake in Century Communities in the fourth quarter worth $3,425,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCS shares. Zelman & Associates raised Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush lowered their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $101.33.

Insider Buying and Selling

In other news, Director Elisa Z. Ramirez bought 500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $54.68 per share, with a total value of $27,340.00. Following the completion of the acquisition, the director now directly owns 8,981 shares in the company, valued at approximately $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 2,400 shares of company stock valued at $130,426 over the last three months. Company insiders own 12.60% of the company's stock.

Century Communities Stock Performance

Shares of CCS traded down $0.28 during trading hours on Thursday, reaching $52.71. 41,313 shares of the company's stock traded hands, compared to its average volume of 460,018. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.07 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a twelve month low of $51.07 and a twelve month high of $108.42. The business's fifty day simple moving average is $58.68 and its two-hundred day simple moving average is $70.80.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Century Communities's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business posted $2.22 earnings per share. Analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 2.20%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities's 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.