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. Approximately 7.2% of the company’s shares are sold short. Based on an average daily trading volume, of 338,500 shares, the days-to-cover ratio is currently 5.9 days.

Century Communities Trading Up 2.5 %

Shares of Century Communities stock traded up $1.89 during trading hours on Tuesday, hitting $76.53. The company’s stock had a trading volume of 35,058 shares, compared to its average volume of 446,655. Century Communities has a twelve month low of $68.49 and a twelve month high of $108.42. The firm has a fifty day moving average of $79.08 and a 200-day moving average of $90.10. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 7.36 and a beta of 1.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) 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%. Research analysts forecast that Century Communities will post 12.1 EPS for the current year.

Century Communities Announces Dividend

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

Institutional Investors Weigh In On Century Communities

Hedge funds have recently bought and sold shares of the stock. Ausbil Investment Management Ltd acquired a new stake in Century Communities in the 3rd quarter valued at about $618,000. Quest Partners LLC grew its stake in Century Communities by 314.1% during the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock worth $1,470,000 after buying an additional 10,827 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Century Communities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after acquiring an additional 10,453 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Century Communities in the 3rd quarter valued at approximately $543,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Century Communities by 26.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 87,914 shares of the construction company’s stock valued at $9,053,000 after buying an additional 18,342 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCS. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Wedbush reissued a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, B. Riley restated a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

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.