UBS Group AG Trims Stake in Century Communities, Inc. $CCS

UBS Group AG reduced its position in Century Communities, Inc. (NYSE:CCS) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,052 shares of the construction company’s stock after selling 26,469 shares during the quarter. UBS Group AG owned 0.29% of Century Communities worth $5,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Global Investments purchased a new stake in Century Communities in the 3rd quarter worth about $1,162,000. Denali Advisors LLC purchased a new position in shares of Century Communities during the third quarter worth approximately $1,375,000. Pier Capital LLC increased its position in shares of Century Communities by 56.7% during the third quarter. Pier Capital LLC now owns 153,224 shares of the construction company’s stock worth $9,710,000 after acquiring an additional 55,415 shares during the period. Vanguard Group Inc. increased its position in shares of Century Communities by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after acquiring an additional 72,920 shares during the period. Finally, Penn Capital Management Company LLC purchased a new position in shares of Century Communities during the third quarter worth approximately $1,647,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of CCS opened at $52.35 on Friday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 11.79 and a beta of 1.37. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $56.79 and a two-hundred day moving average of $61.43.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.27. The company had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. Century Communities’s revenue was down 16.9% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. As a group, analysts predict that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is 28.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Century Communities currently has an average rating of “Reduce” and a consensus price target of $67.00.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.