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

Nuveen Asset Management LLC decreased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 611 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Century Communities in the 4th quarter valued at approximately $2,487,000. Deutsche Bank AG increased its holdings in Century Communities by 219.1% in the 4th 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 holdings in Century Communities by 50.2% in the 4th 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 position in Century Communities in the 4th quarter worth approximately $3,425,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Down 0.6%

Shares of CCS traded down $0.30 during trading on Thursday, reaching $52.69. 41,313 shares of the company traded hands, compared to its average volume of 460,018. The stock has a market cap of $1.61 billion, a PE ratio of 5.07 and a beta of 1.57. Century Communities, Inc. has a twelve month low of $51.07 and a twelve month high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $58.68 and a 200-day simple moving average of $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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same period in the prior year, the company posted $2.22 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts anticipate 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 paid 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 dividend yield of 2.20%. Century Communities's payout ratio is 12.01%.

Insider Buying and Selling at Century Communities

In related news, Director Elisa Z. Ramirez purchased 1,500 shares of the company's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the purchase, the director now directly owns 8,481 shares of the company's stock, valued at approximately $456,786.66. This trade represents a 21.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 2,400 shares of company stock worth $130,426 over the last three months. Insiders own 12.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CCS shares. Wedbush dropped their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $101.33.

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.