GSA Capital Partners LLP Sells 17,549 Shares of Century Communities, Inc. (NYSE:CCS)

GSA Capital Partners LLP cut its stake in Century Communities, Inc. (NYSE:CCS) by 65.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,204 shares of the construction company’s stock after selling 17,549 shares during the quarter. GSA Capital Partners LLP’s holdings in Century Communities were worth $948,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its holdings in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares during the period. Covestor Ltd grew its holdings in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares during the period. Arizona State Retirement System increased its position in shares of Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after buying an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after buying an additional 172 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after acquiring an additional 186 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

CCS opened at $86.27 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87. The business’s 50-day moving average price is $96.61 and its two-hundred day moving average price is $91.31. Century Communities, Inc. has a 1 year low of $70.82 and a 1 year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. Equities analysts expect that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Dividend Announcement

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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Wall Street Analysts Forecast Growth

CCS has been the subject of several recent analyst reports. Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley reissued a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

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.