Century Communities, Inc. (NYSE:CCS) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its holdings in Century Communities, Inc. (NYSE:CCS) by 29.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,688 shares of the construction company’s stock after selling 3,550 shares during the period. Level Four Advisory Services LLC’s holdings in Century Communities were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Century Communities by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company’s stock worth $144,641,000 after acquiring an additional 5,375 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 6.9% in 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. Franklin Resources Inc. boosted its holdings in shares of Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after purchasing an additional 51,021 shares during the last quarter. Basswood Capital Management L.L.C. grew its stake in shares of Century Communities by 11.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock valued at $44,896,000 after buying an additional 46,104 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Century Communities by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock worth $21,579,000 after buying an additional 11,389 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

CCS has been the subject of a number of research reports. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush restated a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Trading Down 3.2 %

CCS opened at $66.88 on Monday. The firm’s 50 day moving average is $72.46 and its 200-day moving average is $82.93. Century Communities, Inc. has a 52-week low of $66.07 and a 52-week 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. The firm has a market capitalization of $2.07 billion, a P/E ratio of 6.43 and a beta of 2.10.

Century Communities (NYSE:CCS) last released its quarterly 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 net margin of 7.59% and a return on equity of 14.17%. Analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is currently 11.15%.

Century Communities 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.