Versor Investments LP Decreases Stake in Century Communities, Inc. (NYSE:CCS)

Versor Investments LP cut its position in shares of Century Communities, Inc. (NYSE:CCS) by 28.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,546 shares of the construction company’s stock after selling 1,400 shares during the period. Versor Investments LP’s holdings in Century Communities were worth $365,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its position in shares of Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares during the last quarter. Signaturefd LLC grew its stake in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Century Communities in the 2nd quarter worth about $162,000. Finally, nVerses Capital LLC raised its position in shares of Century Communities by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock valued at $180,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of NYSE:CCS opened at $86.27 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $70.82 and a 12 month high of $108.42. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87. The firm’s 50-day moving average is $96.61 and its 200 day moving average is $91.31.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts predict that Century Communities, Inc. will post 10.88 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.21%. Century Communities’s payout ratio is 10.37%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Wedbush lifted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, B. Riley restated a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Insider Transactions at Century Communities

In other Century Communities news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.90% of the company’s stock.

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.