Century Communities, Inc. (NYSE:CCS) Sees Significant Growth in Short Interest

Century Communities, Inc. (NYSE:CCS - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,370,000 shares, a growth of 5.4% from the September 30th total of 1,300,000 shares. Currently, 4.9% of the company's stock are short sold. Based on an average daily volume of 280,700 shares, the days-to-cover ratio is currently 4.9 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCS. B. Riley restated a "buy" rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush upped their price objective on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th.

Insiders Place Their Bets

In related news, Director John P. Box sold 11,282 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Century Communities news, Director John P. Box sold 11,282 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company's stock, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after acquiring an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities in the 1st quarter valued at $57,000. GAMMA Investing LLC grew its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after purchasing an additional 287 shares during the period. Signaturefd LLC increased its stake in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in Century Communities during the second quarter worth $162,000. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Down 1.8 %

Shares of Century Communities stock traded down $1.61 during trading on Thursday, hitting $88.66. The company's stock had a trading volume of 196,081 shares, compared to its average volume of 300,410. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 9.92 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities has a 52 week low of $60.90 and a 52 week high of $108.42. The stock has a 50-day moving average price of $98.91 and a two-hundred day moving average price of $90.73.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The company's revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities will post 10.98 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, August 28th. Century Communities's dividend payout ratio (DPR) is 11.54%.

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.