UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 125,224 Shares of Century Communities, Inc. $CCS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 67.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 60,404 shares of the construction company’s stock after selling 125,224 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Century Communities were worth $4,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Century Communities in the 2nd quarter valued at $367,973,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Century Communities during the 2nd quarter worth $4,350,000. Jefferies Financial Group Inc. acquired a new stake in shares of Century Communities during the second quarter worth $1,509,000. Deutsche Bank AG acquired a new position in shares of Century Communities during the 2nd quarter worth about $8,704,000. Finally, Bank of New York Mellon Corp acquired a new position in Century Communities during the second quarter valued at approximately $20,055,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Century Communities currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Century Communities Price Performance

Shares of CCS opened at $62.24 on Thursday. The firm has a market capitalization of $1.77 billion, a PE ratio of 13.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. Century Communities, Inc. has a fifty-two week low of $47.28 and a fifty-two week high of $76.00. The company’s 50-day moving average is $67.72 and its 200-day moving average is $62.11.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were paid a $0.32 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 annualized dividend and a yield of 2.1%. Century Communities’s payout ratio is 28.07%.

About Century Communities

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.