Century Communities, Inc. $CCS Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of Century Communities, Inc. (NYSE:CCS) by 68.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,849 shares of the construction company’s stock after selling 76,263 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Century Communities were worth $2,000,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of CCS. Parallel Advisors LLC increased its position in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Century Communities during the fourth quarter worth about $70,000. Meeder Asset Management Inc. purchased a new stake in shares of Century Communities in the first quarter valued at about $81,000. Finally, Jones Financial Companies Lllp grew its position in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Ratings Changes

CCS has been the topic of a number of recent research reports. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $67.00.

Century Communities Stock Down 2.0%

CCS opened at $67.19 on Friday. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The business has a 50-day moving average of $63.24 and a two-hundred day moving average of $62.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.73 and a beta of 1.29.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same period in the prior year, the firm posted $1.37 EPS. The company’s revenue was down 8.1% on a year-over-year basis. On average, research analysts expect that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Century Communities’s dividend payout ratio (DPR) is currently 28.07%.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.