GSA Capital Partners LLP Reduces Position in Century Communities, Inc. (NYSE:CCS)

GSA Capital Partners LLP lessened its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 65.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,204 shares of the construction company's stock after selling 17,549 shares during the period. GSA Capital Partners LLP's holdings in Century Communities were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC raised its position in Century Communities by 139.3% in the first quarter. SG Americas Securities LLC now owns 3,451 shares of the construction company's stock valued at $333,000 after purchasing an additional 2,009 shares during the period. Sei Investments Co. raised its position in Century Communities by 51.2% in the first quarter. Sei Investments Co. now owns 38,143 shares of the construction company's stock valued at $3,681,000 after purchasing an additional 12,917 shares during the period. ProShare Advisors LLC raised its position in Century Communities by 7.4% in the first quarter. ProShare Advisors LLC now owns 5,734 shares of the construction company's stock valued at $553,000 after purchasing an additional 396 shares during the period. Vanguard Group Inc. raised its position in Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock valued at $196,269,000 after purchasing an additional 13,861 shares during the period. Finally, Covestor Ltd raised its position in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company's stock valued at $26,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insider Buying and Selling at Century Communities

In other news, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCS shares. B. Riley restated a "buy" rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Finally, Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th.

Century Communities Stock Down 1.7 %

CCS stock traded down $1.45 during mid-day trading on Friday, reaching $86.23. The company had a trading volume of 214,340 shares, compared to its average volume of 299,502. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. 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 has a fifty day simple moving average of $96.41 and a 200 day simple moving average of $91.35. Century Communities, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. Analysts forecast that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Announces Dividend

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

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.