Wellington Management Group LLP Sells 281,430 Shares of Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP decreased its holdings in Century Communities, Inc. (NYSE:CCS) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,176,343 shares of the construction company’s stock after selling 281,430 shares during the period. Wellington Management Group LLP’s holdings in Century Communities were worth $86,297,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Century Communities by 162.5% in the 3rd quarter. FMR LLC now owns 4,886 shares of the construction company’s stock worth $503,000 after buying an additional 3,025 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Century Communities by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,683 shares of the construction company’s stock worth $7,794,000 after acquiring an additional 960 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Century Communities by 20.7% during the third quarter. Benjamin Edwards Inc. now owns 5,047 shares of the construction company’s stock valued at $520,000 after purchasing an additional 866 shares during the last quarter. Centiva Capital LP purchased a new stake in Century Communities in the third quarter worth approximately $663,000. Finally, HighTower Advisors LLC bought a new stake in Century Communities in the 3rd quarter worth approximately $543,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Trading Up 4.3 %

Shares of Century Communities stock opened at $65.63 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $2.01 billion, a PE ratio of 6.31 and a beta of 1.76. Century Communities, Inc. has a 1-year low of $61.07 and a 1-year high of $108.42. The company’s fifty day simple moving average is $71.41 and its 200-day simple moving average is $81.95.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.77%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is currently 11.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. Wedbush reissued a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their price target for the company from $110.00 to $97.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities 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.