Pacific Point Advisors LLC Sells 7,742 Shares of Century Communities, Inc. $CCS

Key Points

• Pacific Point Advisors LLC significantly reduced its stake in Century Communities, Inc. by 55.3%, selling 7,742 shares and holding a total of 6,258 shares valued at $352,000 as of the recent SEC filing.
• Institutional investor holdings in Century Communities are notably high, at 99.54% of the company's stock, with several firms like UBS AM and GAMMA Investing LLC increasing their stakes significantly in recent quarters.
• Century Communities recently declared a quarterly dividend of $0.29, representing a 1.8% dividend yield, while the company's stock has experienced a slight decline of 0.1% recently.

Pacific Point Advisors LLC decreased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 55.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,258 shares of the construction company's stock after selling 7,742 shares during the period. Pacific Point Advisors LLC's holdings in Century Communities were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Century Communities by 6.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,530 shares of the construction company's stock valued at $5,908,000 after purchasing an additional 4,847 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after purchasing an additional 331 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Century Communities by 10,656.4% in the first quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock valued at $7,109,000 after buying an additional 104,966 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Century Communities by 23.1% in the first quarter. Park Avenue Securities LLC now owns 5,415 shares of the construction company's stock valued at $363,000 after buying an additional 1,015 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in shares of Century Communities by 37.1% in the first quarter. Bridge City Capital LLC now owns 61,407 shares of the construction company's stock valued at $4,120,000 after buying an additional 16,617 shares during the last quarter. Institutional investors own 99.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. B. Riley initiated coverage on shares of Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective on the stock. Zacks Research upgraded shares of Century Communities from a "strong sell" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.00.

Century Communities Stock Down 0.1%

Shares of NYSE CCS opened at $63.43 on Wednesday. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $104.21. The firm's 50-day moving average is $64.02 and its 200-day moving average is $60.29. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.88 billion, a PE ratio of 7.74 and a beta of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period in the prior year, the business posted $2.65 earnings per share. Century Communities's revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

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.

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