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

Century Communities, Inc. (NYSE:CCS) was the target of a significant increase in short interest in 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. Approximately 7.2% of the company’s shares are sold short. Based on an average daily volume of 338,500 shares, the short-interest ratio is currently 5.9 days.

Century Communities Stock Up 2.5 %

Shares of CCS traded up $1.89 during midday trading on Tuesday, reaching $76.53. 35,058 shares of the company were exchanged, compared to its average volume of 446,655. The stock has a 50-day moving average price of $79.08 and a 200-day moving average price of $90.10. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 7.36 and a beta of 1.92. Century Communities has a 1-year low of $68.49 and a 1-year high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Research analysts expect that Century Communities will post 12.1 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCS shares. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised 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. Finally, B. Riley reissued a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Institutional Trading of Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Century Communities by 14.1% during the third 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 last quarter. Park Avenue Securities LLC grew its holdings in Century Communities by 7.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company’s stock worth $359,000 after buying an additional 253 shares in the last quarter. GAMMA Investing LLC grew its holdings in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Century Communities by 3.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock valued at $956,000 after purchasing an additional 319 shares during the period. Finally, KBC Group NV raised its position 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 in the last quarter. 99.54% of the stock is owned by institutional investors.

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.