Sei Investments Co. Decreases Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Sei Investments Co. lowered its stake in Century Communities, Inc. (NYSE:CCS) by 80.3% during the 4th quarter, HoldingsChannel reports. The firm owned 21,634 shares of the construction company’s stock after selling 88,406 shares during the period. Sei Investments Co.’s holdings in Century Communities were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CCS. Franklin Resources Inc. lifted its holdings in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after buying an additional 51,021 shares during the period. Edgestream Partners L.P. boosted its position in Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after purchasing an additional 46,477 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Century Communities by 95.4% during the 3rd quarter. Jane Street Group LLC now owns 80,561 shares of the construction company’s stock valued at $8,296,000 after purchasing an additional 39,341 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Century Communities by 15.1% in the 4th quarter. First Eagle Investment Management LLC now owns 151,795 shares of the construction company’s stock worth $11,136,000 after purchasing an additional 19,917 shares during the period. Institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, Wedbush restated a “neutral” rating and set a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.00.

Century Communities Stock Performance

NYSE CCS opened at $65.63 on Monday. The business has a 50-day moving average price of $71.41 and a 200-day moving average price of $81.63. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 6.31 and a beta of 1.76. Century Communities, Inc. has a twelve month low of $61.07 and a twelve month high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, equities research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.77%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

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.