New York State Teachers Retirement System Sells 8,665 Shares of Century Communities, Inc. $CCS

New York State Teachers Retirement System decreased its holdings in Century Communities, Inc. (NYSE:CCS) by 79.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,210 shares of the construction company’s stock after selling 8,665 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Communities were worth $127,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its stake in Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after purchasing an additional 411 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Century Communities during the 4th quarter worth approximately $70,000. Jones Financial Companies Lllp boosted its stake in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares in the last quarter. Finally, Covestor Ltd grew its position in Century Communities by 28.8% in the fourth quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after acquiring an additional 431 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCS. Weiss Ratings cut Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price target for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $67.00.

Century Communities Stock Up 1.6%

Shares of CCS opened at $65.33 on Wednesday. The business’s fifty day moving average price is $59.20 and its two-hundred day moving average price is $61.56. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.71 and a beta of 1.29. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.27. The business had revenue of $789.67 million for the quarter, compared to analyst estimates of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, analysts predict that Century Communities, Inc. will post 3.84 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s payout ratio is 28.83%.

Century Communities Company 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.