Versor Investments LP Sells 1,400 Shares of Century Communities, Inc. (NYSE:CCS)

Versor Investments LP cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 28.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the construction company’s stock after selling 1,400 shares during the period. Versor Investments LP’s holdings in Century Communities were worth $365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. increased its position in Century Communities by 10.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 18,653 shares of the construction company’s stock valued at $1,921,000 after acquiring an additional 1,717 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Century Communities by 307.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,235 shares of the construction company’s stock valued at $2,187,000 after purchasing an additional 16,024 shares during the period. Summit Global Investments increased its position in shares of Century Communities by 72.1% during the 3rd quarter. Summit Global Investments now owns 12,845 shares of the construction company’s stock valued at $1,323,000 after purchasing an additional 5,380 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Century Communities by 3.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock valued at $956,000 after purchasing an additional 319 shares during the last quarter. Finally, CWC Advisors LLC. bought a new position in shares of Century Communities in the 3rd quarter worth approximately $446,000. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCS. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. B. Riley reissued a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush raised their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

Insider Transactions at Century Communities

In other news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred 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 in the company, valued at $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.90% of the company’s stock.

Century Communities Trading Down 1.6 %

Century Communities stock opened at $86.27 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87. The firm has a 50 day moving average of $96.61 and a 200 day moving average of $91.31.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $2.58 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, research analysts predict that Century Communities, Inc. will post 10.88 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. Century Communities’s payout ratio is 10.37%.

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.