Mutual of America Capital Management LLC Decreases Stake in Century Communities, Inc. (NYSE:CCS)

Mutual of America Capital Management LLC cut its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,148 shares of the construction company’s stock after selling 503 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Century Communities were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Century Communities by 50.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock valued at $3,778,000 after acquiring an additional 13,091 shares in the last quarter. Vanguard Group Inc. boosted its position in Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after buying an additional 13,861 shares during the period. Ausbil Investment Management Ltd bought a new position in shares of Century Communities during the third quarter valued at about $618,000. Seven Eight Capital LP purchased a new position in shares of Century Communities in the second quarter worth about $624,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of Century Communities by 15.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock valued at $3,408,000 after acquiring an additional 5,733 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the topic of several recent analyst reports. StockNews.com raised Century Communities from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, 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.

Insider Activity at Century Communities

In related news, Director John P. Box sold 11,282 shares of the 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 transaction, the director now owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by insiders.

Century Communities Price Performance

Shares of NYSE CCS opened at $90.80 on Thursday. The company has a 50 day simple moving average of $94.58 and a two-hundred day simple moving average of $91.74. Century Communities, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $108.42. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.05 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. Analysts expect that Century Communities, Inc. will post 10.95 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. Investors of record on Wednesday, November 27th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.15%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Century Communities Company 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.