Short Interest in Century Communities, Inc. (NYSE:CCS) Rises By 8.1%

Century Communities, Inc. (NYSE:CCS) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 2,000,000 shares, an increase of 8.1% from the December 15th total of 1,850,000 shares. Based on an average daily volume of 338,500 shares, the short-interest ratio is presently 5.9 days. Currently, 7.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CCS shares. B. Riley restated a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush increased their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of 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 note on Friday, December 13th. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.

Institutional Investors Weigh In On Century Communities

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in shares of Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after purchasing an additional 161 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in 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 valued at $231,000 after buying an additional 172 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Century Communities by 7.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company’s stock valued at $359,000 after acquiring an additional 253 shares during the period. GAMMA Investing LLC lifted its position in Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Century Communities by 3.6% during the third quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 1.9 %

Shares of NYSE CCS traded down $1.46 during trading hours on Friday, hitting $75.91. The company had a trading volume of 412,114 shares, compared to its average volume of 375,869. The stock has a market capitalization of $2.38 billion, a P/E ratio of 7.57 and a beta of 1.91. Century Communities has a 1-year low of $68.49 and a 1-year high of $108.42. The firm’s 50 day moving average is $81.09 and its 200-day moving average is $90.65. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. On average, analysts expect that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

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.