Brief update of interests for Century Communities, Inc. (NYSE: CCS) –

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During the month of August, the number of short positions in Century Communities, Inc. (NYSE: CCS) decreased significantly. There were 1,930,000 shares borrowed as of August 31, down 9.8% from the 2,140,000 shares borrowed the previous day. Approximately 6.8% of the shares issued by the company are sold short at any given time. The current day-to-cover ratio is 6.7, calculated based on an average daily volume of 287,900 shares.
A number of analysts covering the equity market have recently published studies on CCS stock. In a research report released by Wells Fargo & Stock on Friday, June 17, the price target for Century Communities was lowered by that company from $62 to $52, and the company was given an “overweight” rating. In a research report released Thursday, July 28, B. Riley raised his price target on Century Communities from $57.00 to $61.00. In a research report published Tuesday, July 12, JPMorgan Chase & Co. reduced its price target on Century Communities from $70.50 to $57.00 and assigned the company an “overweight” rating.

This was the last and most important development. In recent months, several prominent investors have adjusted their CCS holdings. For example, during the fourth quarter, the Texas Teachers’ Retirement System increased the percentage of Century Communities stock held by 21.4%.
After purchasing an additional 1,035 shares during the quarter, the Teacher Retirement System of Texas now owns a total of 5,869 shares in the construction company, which are worth a combined total of $480,000. During the fourth quarter, Citigroup Inc. increased the percentage of Century Communities shares held to 0.5%. Citigroup Inc. now owns a total of 44,760 construction company shares, valued at $3,661,000 after the company made an additional purchase of 219 shares in the last quarter. During the last three months of 2018, Qube Research & Technologies Ltd. acquired an additional 37.9% of the shares of Century Communities.

After buying an additional 2,756 shares during the quarter, Qube Research & Technologies Ltd now owns 10,032 shares of the construction company, which are worth a combined total of $821,000. During the last three months of 2018, Charles Schwab Investment Management Inc. increased Century Communities’ shareholding percentage by 3.5%. After purchasing an additional 9,551 shares during the quarter, Charles Schwab Investment Management Inc. now owns 281,027 shares of the construction company, with a total value of $22,986,000. Finally, during the last quarter of the year, Renaissance Technologies LLC made a new investment in Century Communities for $7,684,000.
Hedge funds and other institutional investors own 88.48% of the stock. On Monday, CCS shares started trading for $45.89. At a level of 0.72, there is parity between the rapid, current and leverage ratios. The company’s stock has a price-to-earnings ratio of 2.69 and its beta value is 1.85, giving the company a market value of $1.48 billion. Century Communities price has ranged from $39.00 to $86.07 over the past year. The current price is equal to the one-year low.

The moving averages for the stock price over the past fifty and two hundred days stand at $49.21 and $51.32, respectively. Century Communities’ latest earnings report was submitted on July 27 (NYSE: CCS). The construction company posted higher earnings per share (EPS) for the fourth quarter of $4.78, $0.31 higher than analysts of $4.47 had expected. The company’s sales for the quarter were $1.13 billion, which was higher than analysts’ estimate of $1.11 billion for the company’s sales. Century Communities’ net margin was 13.34% and the company’s return on equity was 33.10%. Compared to the same quarter a year earlier, the company’s quarterly revenue grew by 12.9%.

In the same quarter a year earlier, the company generated $3.47 per share. According to projections made by industry experts, Century Communities will earn $19.05 per share in 2018.
In addition, a quarterly dividend was approved by the board of directors and distributed by the company on September 14. On August 31, dividend payments of $0.20 per share were sent to shareholders on the company’s books. This translates to a dividend payout of $0.80 per year and a dividend yield of 1.74%. This payment was no longer subject to tax since August 30, Tuesday. The dividend payout ratio (also known as DPR) for Century Communities is 4.69%.

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