State Street Corp Sells 92,497 Shares of Century Communities, Inc. (NYSE:CCS)

State Street Corp decreased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,485,233 shares of the construction company's stock after selling 92,497 shares during the period. State Street Corp owned 4.74% of Century Communities worth $152,949,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock worth $37,302,000 after acquiring an additional 295,729 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Century Communities during the 2nd quarter valued at approximately $7,419,000. Westwood Holdings Group Inc. raised its position in shares of Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after buying an additional 89,310 shares during the last quarter. Marshall Wace LLP raised its position in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after buying an additional 66,029 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company's stock worth $10,069,000 after buying an additional 57,341 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

CCS stock traded down $2.04 during trading on Friday, hitting $82.74. 401,289 shares of the company's stock traded hands, compared to its average volume of 302,887. Century Communities, Inc. has a 52 week low of $74.76 and a 52 week high of $108.42. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. The business has a fifty day simple moving average of $91.07 and a 200 day simple moving average of $91.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business's revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 EPS. As a group, research analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is 10.37%.

Analyst Upgrades and Downgrades

CCS has been the subject of several research analyst reports. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $97.00 in a report on Friday. Finally, B. Riley reissued a "buy" rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

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.