Sei Investments Co. Has $1.59 Million Holdings in Century Communities, Inc. (NYSE:CCS)

Sei Investments Co. cut its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 80.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,634 shares of the construction company's stock after selling 88,406 shares during the period. Sei Investments Co. owned approximately 0.07% of Century Communities worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the period. Edgestream Partners L.P. increased its stake in shares of Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after acquiring an additional 46,477 shares during the period. Jane Street Group LLC increased its stake in shares of Century Communities by 95.4% during the third quarter. Jane Street Group LLC now owns 80,561 shares of the construction company's stock valued at $8,296,000 after acquiring an additional 39,341 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock worth $38,699,000 after purchasing an additional 34,046 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Century Communities by 15.1% in the fourth quarter. First Eagle Investment Management LLC now owns 151,795 shares of the construction company's stock worth $11,136,000 after purchasing an additional 19,917 shares during the period. 99.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. Finally, Wedbush reiterated a "neutral" rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $103.00.

Century Communities Stock Down 0.5 %

Century Communities stock traded down $0.32 during mid-day trading on Friday, hitting $59.00. The company's stock had a trading volume of 363,936 shares, compared to its average volume of 350,692. Century Communities, Inc. has a 52-week low of $55.85 and a 52-week high of $108.42. The company has a market cap of $1.81 billion, a PE ratio of 5.67 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm's 50 day moving average is $69.10 and its 200 day moving average is $79.84.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's payout ratio is currently 11.15%.

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.