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

Several other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new position in Century Communities in the fourth quarter worth approximately $226,000. Cetera Investment Advisers grew its holdings in shares of Century Communities by 7.8% during the 4th quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock worth $571,000 after purchasing an additional 562 shares during the period. Deutsche Bank AG increased its position in shares of Century Communities by 219.1% during the 4th quarter. Deutsche Bank AG now owns 68,662 shares of the construction company's stock worth $5,037,000 after purchasing an additional 47,147 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Century Communities by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,900 shares of the construction company's stock valued at $1,166,000 after buying an additional 611 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Century Communities by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 8,415 shares of the construction company's stock valued at $617,000 after buying an additional 2,591 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Stock Down 0.7%

Shares of NYSE CCS traded down $0.44 during midday trading on Monday, hitting $67.02. The company's stock had a trading volume of 323,718 shares, compared to its average volume of 268,871. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.18 and a beta of 1.46. The business's fifty day simple moving average is $63.10 and its two-hundred day simple moving average is $60.62. 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 earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. During the same period last year, the business posted $2.65 earnings per share. Century Communities's revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were 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 was Wednesday, August 27th. Century Communities's dividend payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

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

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.