Century Communities, Inc. (NYSE:CCS) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lessened its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the construction company's stock after selling 21,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.07% of Century Communities worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCS. Jennison Associates LLC lifted its stake in Century Communities by 17.3% during the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company's stock valued at $74,424,000 after acquiring an additional 164,478 shares during the period. Pacer Advisors Inc. lifted its holdings in Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company's stock valued at $94,423,000 after acquiring an additional 180,095 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Century Communities by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 426,336 shares of the construction company's stock worth $28,471,000 after purchasing an additional 14,108 shares during the last quarter. American Century Companies Inc. increased its position in shares of Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company's stock valued at $26,332,000 after purchasing an additional 97,953 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Century Communities by 11.3% in the 3rd quarter. Invesco Ltd. now owns 345,248 shares of the construction company's stock worth $23,056,000 after purchasing an additional 35,066 shares during the period. Institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

CCS has been the topic of several recent research reports. B. Riley increased their price target on shares of Century Communities from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 1st. Wedbush reissued an "underperform" rating and set a $82.00 price target (down previously from $92.00) on shares of Century Communities in a report on Tuesday, April 2nd.

Century Communities Price Performance

Shares of CCS traded up $0.70 during trading hours on Monday, reaching $79.73. 235,822 shares of the stock traded hands, compared to its average volume of 315,367. The company has a market cap of $2.53 billion, a P/E ratio of 9.90 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The company's 50-day moving average price is $86.90 and its two-hundred day moving average price is $80.77. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.66. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. On average, analysts anticipate that Century Communities, Inc. will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Century Communities's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%. Century Communities's dividend payout ratio is presently 12.92%.

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.