Century Communities, Inc. (NYSE:CCS) Sees Significant Growth in Short Interest

Century Communities, Inc. (NYSE:CCS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,110,000 shares, a growth of 6.7% from the May 31st total of 1,040,000 shares. Based on an average trading volume of 273,700 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Wedbush upgraded Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price objective for the company in a research report on Friday, May 31st.

Hedge Funds Weigh In On Century Communities

Hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its holdings in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 4th quarter valued at $36,000. GAMMA Investing LLC acquired a new stake in Century Communities during the 4th quarter valued at $55,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities during the 1st quarter valued at $57,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Century Communities during the 4th quarter valued at $107,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock traded up $0.59 during mid-day trading on Wednesday, reaching $78.73. The stock had a trading volume of 165,755 shares, compared to its average volume of 301,852. Century Communities has a one year low of $58.01 and a one year high of $97.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. The firm’s 50 day simple moving average is $82.62 and its 200 day simple moving average is $85.69. The firm has a market cap of $2.50 billion, a PE ratio of 8.74 and a beta of 1.86.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The business had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. On average, analysts forecast that Century Communities will post 10.36 EPS for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Century Communities’s payout ratio is presently 11.54%.

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.