Wellington Management Group LLP Reduces Stake in Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,176,343 shares of the construction company's stock after selling 281,430 shares during the quarter. Wellington Management Group LLP owned approximately 3.80% of Century Communities worth $86,297,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CCS. Smartleaf Asset Management LLC boosted its position in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC boosted its position in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Century Communities in the 4th quarter valued at about $74,000. KBC Group NV boosted its position in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after purchasing an additional 403 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Century Communities in the 4th quarter valued at about $142,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zelman & Associates raised Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush decreased their target price on 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Century Communities has a consensus rating of "Hold" and an average target price of $101.33.

Insiders Place Their Bets

In related news, Director Elisa Z. Ramirez acquired 1,500 shares of the firm's stock in a transaction on Monday, April 28th. The stock was bought at an average cost of $53.86 per share, with a total value of $80,790.00. Following the transaction, the director now owns 8,481 shares of the company's stock, valued at $456,786.66. The trade was a 21.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 2,400 shares of company stock valued at $130,426. 12.60% of the stock is owned by company insiders.

Century Communities Stock Performance

Century Communities stock traded down $1.09 during mid-day trading on Friday, reaching $51.87. 449,933 shares of the company were exchanged, compared to its average volume of 373,129. Century Communities, Inc. has a twelve month low of $51.07 and a twelve month high of $108.42. The firm's 50-day simple moving average is $57.98 and its two-hundred day simple moving average is $70.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $1.58 billion, a PE ratio of 4.99 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company 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 earnings per share. The firm's revenue was down 2.1% compared to the same quarter last year. Equities analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.24%. Century Communities's payout ratio is 12.01%.

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.