Rhumbline Advisers Trims Stock Position in Century Communities, Inc. (NYSE:CCS)

Rhumbline Advisers decreased its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,013 shares of the construction company's stock after selling 4,711 shares during the quarter. Rhumbline Advisers owned about 0.27% of Century Communities worth $5,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCS. Versant Capital Management Inc raised its stake in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after acquiring an additional 331 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock valued at $1,157,000 after acquiring an additional 349 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after purchasing an additional 460 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock worth $571,000 after acquiring an additional 562 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in Century Communities by 11.2% in the fourth quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock worth $412,000 after purchasing an additional 565 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS traded down $1.80 during mid-day trading on Friday, reaching $52.91. The company's stock had a trading volume of 310,066 shares, compared to its average volume of 376,855. The business has a 50-day simple moving average of $55.62 and a two-hundred day simple moving average of $68.20. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.62 billion, a P/E ratio of 5.09 and a beta of 1.43. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $2.22 earnings per share. As a group, equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.19%. Century Communities's payout ratio is 12.01%.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez purchased 500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $54.68 per share, with a total value of $27,340.00. Following the acquisition, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. This trade represents a 5.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 2,400 shares of company stock valued at $130,426 over the last three months. 11.90% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wedbush lowered their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.