Hotchkis & Wiley Capital Management LLC Reduces Stock Position in Century Communities, Inc. (NYSE:CCS)

Hotchkis & Wiley Capital Management LLC decreased its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 39.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,460 shares of the construction company's stock after selling 42,630 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.21% of Century Communities worth $6,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Century Communities in the 3rd quarter valued at approximately $51,000. Signaturefd LLC raised its holdings in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock worth $93,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after buying an additional 287 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities during the third quarter valued at $144,000. Finally, Innealta Capital LLC acquired a new position in shares of Century Communities in the second quarter valued at about $162,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 0.3 %

Shares of NYSE:CCS traded down $0.26 on Friday, hitting $86.55. 185,269 shares of the company's stock were exchanged, compared to its average volume of 303,177. The firm's 50-day moving average is $93.00 and its 200 day moving average is $91.80. The company has a market capitalization of $2.71 billion, a PE ratio of 8.66 and a beta of 1.87. Century Communities, Inc. has a 1-year low of $74.76 and a 1-year high of $108.42. 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 posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The company's revenue was up 23.7% compared to the same quarter last year. Sell-side analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. Century Communities's dividend payout ratio (DPR) is 10.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. B. Riley reiterated a "buy" rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a report on Thursday.

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.