Teachers Retirement System of The State of Kentucky Sells 8,676 Shares of Century Communities, Inc. (NYSE:CCS)

Teachers Retirement System of The State of Kentucky cut its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 30.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,718 shares of the construction company's stock after selling 8,676 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of Century Communities worth $1,446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC grew its position in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Century Communities during the fourth quarter worth about $74,000. KBC Group NV grew its position in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Century Communities during the fourth quarter worth about $142,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Down 0.3 %

Shares of CCS traded down $0.17 during midday trading on Tuesday, hitting $53.92. The stock had a trading volume of 517,646 shares, compared to its average volume of 359,080. The business has a 50-day simple moving average of $65.66 and a two-hundred day simple moving average of $76.52. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.65 billion, a P/E ratio of 5.18 and a beta of 1.76. Century Communities, Inc. has a fifty-two week low of $52.72 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The company had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Century Communities's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $2.22 earnings per share. As a group, equities analysts forecast that Century Communities, Inc. will post 11.07 EPS 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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio is 12.01%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCS. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush dropped their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Century Communities presently has an average rating of "Hold" and a consensus target price of $101.33.

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.