Quantbot Technologies LP Sells 15,348 Shares of Century Communities, Inc. $CCS

Key Points

• Quantbot Technologies LP significantly reduced its position in Century Communities by 91.1%, selling 15,348 shares and leaving them with 1,504 shares valued at approximately $101,000.
• Several institutional investors increased their stakes in Century Communities, with Wellington Management Group raising its holdings by 32.5%, and Assenagon Asset Management increasing theirs by a staggering 806.7%.
• The construction company reported $1 billion in revenue for the last quarter, exceeding analyst projections, and announced a quarterly dividend of $0.29 per share, with a yield of 1.8%.

Quantbot Technologies LP decreased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 91.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,504 shares of the construction company's stock after selling 15,348 shares during the period. Quantbot Technologies LP's holdings in Century Communities were worth $101,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Century Communities by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company's stock valued at $133,749,000 after acquiring an additional 21,619 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Century Communities by 32.5% in the 1st quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company's stock valued at $104,592,000 after purchasing an additional 382,408 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Century Communities by 32.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after purchasing an additional 258,245 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after purchasing an additional 230,113 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Century Communities by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company's stock valued at $38,269,000 after buying an additional 42,809 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

NYSE:CCS traded up $3.15 on Thursday, hitting $68.36. The company had a trading volume of 397,231 shares, compared to its average volume of 280,710. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. 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 stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.35 and a beta of 1.46. The firm has a 50 day moving average of $61.74 and a two-hundred day moving average of $60.94.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $910.70 million. During the same period in the prior year, the company earned $2.65 EPS. Century Communities's revenue was down 1.7% compared to the same quarter last year. On average, research 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analyst Weigh In

CCS has been the topic of a number of analyst reports. B. Riley began coverage on Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Zacks Research downgraded Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Century Communities currently has an average rating of "Hold" and a consensus price target of $85.00.

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.