Hussman Strategic Advisors Inc. Sells 21,000 Shares of Century Communities, Inc. (NYSE:CCS)

Hussman Strategic Advisors Inc. lessened its stake in shares of Century Communities, Inc. (NYSE:CCS) by 50.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the construction company’s stock after selling 21,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Century Communities were worth $1,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Century Communities by 33.1% during the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock valued at $26,332,000 after purchasing an additional 97,953 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Century Communities by 19.4% during the third quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock valued at $4,952,000 after purchasing an additional 12,024 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Century Communities during the fourth quarter valued at about $1,051,000. Qube Research & Technologies Ltd lifted its stake in Century Communities by 283.4% during the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 23,742 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock worth $924,000 after purchasing an additional 170 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCS has been the subject of a number of recent research reports. Wedbush restated an “underperform” rating and issued a $82.00 target price (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley upped their price objective on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Century Communities Stock Up 0.3 %

CCS opened at $79.03 on Monday. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $97.92. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $87.13 and its 200-day moving average price is $80.65. The company has a market cap of $2.51 billion, a P/E ratio of 9.82 and a beta of 1.71.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $915.91 million. On average, equities analysts expect that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio is currently 12.92%.

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.