Nuveen Asset Management LLC Sells 14,260 Shares of Century Communities, Inc. (NYSE:CCS)

Nuveen Asset Management LLC cut its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,009 shares of the construction company's stock after selling 14,260 shares during the quarter. Nuveen Asset Management LLC owned 0.75% of Century Communities worth $16,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CCS. First Trust Advisors LP lifted its position in 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 purchasing an additional 450,914 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of 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 worth $49,834,000 after acquiring an additional 230,113 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Century Communities by 660.5% in the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company's stock worth $14,857,000 after acquiring an additional 175,887 shares during the last quarter. Norges Bank bought a new stake in shares of Century Communities in the 4th quarter worth approximately $5,663,000. Finally, Barclays PLC lifted its holdings in shares of Century Communities by 86.3% in the 4th quarter. Barclays PLC now owns 141,799 shares of the construction company's stock worth $10,403,000 after acquiring an additional 65,685 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 4.1%

NYSE:CCS traded up $2.16 during midday trading on Tuesday, reaching $55.18. 575,586 shares of the stock traded hands, compared to its average volume of 370,248. The company has a fifty day moving average of $59.30 and a 200 day moving average of $71.03. Century Communities, Inc. has a 12 month low of $51.07 and a 12 month high of $108.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $1.69 billion, a P/E ratio of 5.31 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last posted 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). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the prior year, the company earned $2.22 earnings per share. The company's quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.10%. Century Communities's dividend payout ratio is currently 12.01%.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the acquisition, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 2,400 shares of company stock worth $130,426 in the last three months. 11.90% of the stock is owned by insiders.

Analyst Ratings Changes

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

Century Communities Company 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.