Century Communities, Inc. (NYSE:CCS) Short Interest Update

Century Communities, Inc. (NYSE:CCS) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,000,000 shares, an increase of 8.1% from the December 31st total of 1,850,000 shares. Based on an average daily volume of 338,500 shares, the short-interest ratio is presently 5.9 days. Approximately 7.2% of the shares of the stock are short sold.

Century Communities Price Performance

CCS opened at $74.61 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities has a 1 year low of $68.49 and a 1 year high of $108.42. The stock’s 50 day simple moving average is $79.08 and its 200 day simple moving average is $90.10. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 7.17 and a beta of 1.92.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, analysts predict that Century Communities will post 12.1 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.39%. Century Communities’s payout ratio is presently 10.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush restated a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter worth approximately $51,000. KBC Group NV lifted its stake in Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC boosted its holdings in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares in the last quarter. Signaturefd LLC increased its position in Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after purchasing an additional 161 shares during the period. Finally, R Squared Ltd purchased a new position in Century Communities during the 4th quarter valued at $142,000. Institutional investors own 99.54% of the company’s stock.

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.