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

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.

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.