Rhumbline Advisers Has $5.50 Million Stock Holdings in Century Communities, Inc. $CCS

Key Points

• Rhumbline Advisers has reduced its stake in Century Communities, Inc. by 5.4%, selling 4,711 shares and retaining ownership of 82,013 shares worth approximately $5.5 million.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding analysts' estimates by $0.21, despite a 1.7% decline in quarterly revenue year-over-year.
• Analysts maintain an average rating of "Hold" for Century Communities, with a price target of $85.00, though recent reports have shown mixed sentiment toward the stock.

Rhumbline Advisers decreased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

A number of other institutional investors have also recently added to or reduced their stakes in CCS. Versant Capital Management Inc raised its position in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after purchasing an additional 331 shares during the period. US Bancorp DE raised its position in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after purchasing an additional 232 shares during the period. Covestor Ltd grew its stake in shares of Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after buying an additional 555 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock valued at $81,000 after buying an additional 1,135 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Century Communities in the first quarter valued at $91,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of research reports. B. Riley began coverage on Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective for the company. Zacks Research downgraded Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $85.00.

Century Communities Price Performance

NYSE:CCS traded up $0.17 during mid-day trading on Thursday, hitting $67.54. The company's stock had a trading volume of 615,061 shares, compared to its average volume of 293,880. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $107.82. 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 company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.25 and a beta of 1.46. The stock has a fifty day moving average of $63.48 and a 200-day moving average of $60.71.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS 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 analysts' expectations of $910.70 million. During the same period in the prior year, the firm earned $2.65 earnings per share. Century Communities's revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

About Century Communities

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.