Century Communities, Inc. (NYSE:CCS) Short Interest Up 5.4% in October

Century Communities, Inc. (NYSE:CCS) was the recipient of a significant growth in short interest in 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. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 280,700 shares, the short-interest ratio is currently 4.9 days.

Century Communities Trading Down 1.0 %

NYSE CCS traded down $0.88 on Thursday, hitting $89.39. The company’s stock had a trading volume of 7,366 shares, compared to its average volume of 299,515. The firm has a market cap of $2.84 billion, a P/E ratio of 10.02 and a beta of 1.85. The company’s 50-day simple moving average is $98.91 and its 200 day simple moving average is $90.73. Century Communities has a 52-week low of $60.90 and a 52-week high of $108.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.58 EPS. Research analysts predict 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. Investors of record on Wednesday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Analyst Ratings Changes

Several brokerages recently issued reports on CCS. Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. B. Riley reiterated a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Insider Transactions at Century Communities

In other Century Communities 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Century Communities

Several institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted 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 acquiring an additional 115 shares during the period. Covestor Ltd grew its position in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares during the period. Arizona State Retirement System raised its stake in Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after buying an additional 147 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Century Communities by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock valued at $2,719,000 after buying an additional 151 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Century Communities by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after buying an additional 172 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

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.