Jennison Associates LLC Sells 348,644 Shares of Century Communities, Inc. (NYSE:CCS)

Jennison Associates LLC reduced its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 32.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 739,132 shares of the construction company's stock after selling 348,644 shares during the quarter. Jennison Associates LLC owned 2.33% of Century Communities worth $71,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCS. Louisiana State Employees Retirement System bought a new position in shares of Century Communities during the 4th quarter valued at about $1,285,000. American Century Companies Inc. increased its position in shares of Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company's stock valued at $26,332,000 after purchasing an additional 97,953 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Century Communities during the 4th quarter valued at about $1,051,000. Qube Research & Technologies Ltd boosted its holdings in Century Communities by 283.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company's stock valued at $2,145,000 after acquiring an additional 23,742 shares during the period. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Century Communities during the 4th quarter valued at about $1,287,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 1.0 %

Shares of CCS traded down $0.81 on Tuesday, reaching $78.82. The stock had a trading volume of 196,384 shares, compared to its average volume of 299,771. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.75 and a beta of 1.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50-day simple moving average of $82.51 and a 200-day simple moving average of $85.47. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.67. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The company had revenue of $948.54 million during the quarter, compared to analysts' expectations of $791.67 million. Sell-side analysts predict that Century Communities, Inc. will post 10.36 EPS for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, May 29th. Century Communities's dividend payout ratio (DPR) is presently 11.54%.

Wall Street Analysts Forecast Growth

Separately, Wedbush upgraded Century Communities from an "underperform" rating to a "neutral" rating and set a $82.00 target price for the company in a report on Friday, May 31st.

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.