Twinbeech Capital LP Sells 28,974 Shares of Century Communities, Inc. (NYSE:CCS)

Twinbeech Capital LP decreased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,071 shares of the construction company's stock after selling 28,974 shares during the period. Twinbeech Capital LP's holdings in Century Communities were worth $886,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Century Communities by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock valued at $144,641,000 after buying an additional 5,375 shares during the last quarter. First Trust Advisors LP grew its holdings in Century Communities by 67.3% in the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock valued at $82,200,000 after buying an additional 450,914 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Century Communities by 51.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock valued at $49,834,000 after buying an additional 230,113 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Century Communities by 16.6% in the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock valued at $25,195,000 after buying an additional 48,790 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Performance

Shares of NYSE:CCS traded up $1.69 during trading on Tuesday, hitting $54.71. 79,346 shares of the stock were exchanged, compared to its average volume of 458,052. Century Communities, Inc. has a 1-year low of $51.07 and a 1-year high of $108.42. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 5.26 and a beta of 1.57. The company's fifty day simple moving average is $59.30 and its 200-day simple moving average is $71.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

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

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities's payout ratio is presently 12.01%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush lowered their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $101.33.

Insider Transactions at Century Communities

In other news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were bought at an average price 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 2,400 shares of company stock valued at $130,426. 11.90% of the stock is owned by corporate insiders.

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.