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

Century Communities logo with Construction background

Nuveen Asset Management LLC lowered its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,009 shares of the construction company's stock after selling 14,260 shares during the period. Nuveen Asset Management LLC owned approximately 0.75% of Century Communities worth $16,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its position in shares of Century Communities by 8.5% in the third quarter. Barclays PLC now owns 76,114 shares of the construction company's stock worth $7,837,000 after buying an additional 5,981 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Century Communities by 26.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company's stock worth $323,000 after purchasing an additional 916 shares during the last quarter. KBC Group NV increased its position in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after purchasing an additional 403 shares during the last quarter. R Squared Ltd purchased a new stake in Century Communities in the fourth quarter valued at approximately $142,000. Finally, Vest Financial LLC lifted its position in Century Communities by 125.1% during the fourth quarter. Vest Financial LLC now owns 32,139 shares of the construction company's stock valued at $2,358,000 after purchasing an additional 17,859 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of NYSE:CCS traded down $1.89 during trading on Wednesday, reaching $53.12. The company had a trading volume of 357,027 shares, compared to its average volume of 461,837. The company has a fifty day moving average of $59.00 and a two-hundred day moving average of $70.92. The stock has a market capitalization of $1.62 billion, a P/E ratio of 5.11 and a beta of 1.57. Century Communities, Inc. has a 12 month low of $51.07 and a 12 month high of $108.42. 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 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). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the previous year, the business earned $2.22 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, May 28th. Century Communities's dividend payout ratio is currently 12.01%.

Insider Activity at Century Communities

In other Century Communities news, Director Elisa Z. Ramirez bought 500 shares of Century Communities stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $54.68 per share, with a total value of $27,340.00. Following the acquisition, the director now owns 8,981 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 2,400 shares of company stock valued at $130,426. Insiders own 12.60% of the company's stock.

Analyst Ratings Changes

CCS has been the topic of a number of research analyst reports. Wedbush decreased their price target 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. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. 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. According to data from MarketBeat.com, Century Communities currently has an average rating of "Hold" and a consensus target price of $101.33.

Check Out Our Latest Stock Report on CCS

Century Communities Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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