Century Communities, Inc. (NYSE:CCS) Sees Significant Growth in Short Interest

Century Communities, Inc. (NYSE:CCS) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,110,000 shares, a growth of 6.7% from the May 31st total of 1,040,000 shares. Based on an average trading volume of 273,700 shares, the short-interest ratio is currently 4.1 days. Currently, 3.9% of the company’s stock are sold short.

Century Communities Price Performance

Shares of CCS opened at $78.57 on Thursday. The firm has a market capitalization of $2.50 billion, a PE ratio of 8.72 and a beta of 1.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The company’s fifty day moving average price is $82.54 and its 200-day moving average price is $85.64. Century Communities has a 1-year low of $58.01 and a 1-year high of $97.92.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.67. The business had revenue of $948.54 million for the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. On average, equities research analysts predict that Century Communities will post 10.36 EPS for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 1.32%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Institutional Trading of Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities during the 4th quarter valued at about $36,000. GAMMA Investing LLC acquired a new position in shares of Century Communities in the 4th quarter valued at about $55,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Century Communities in the first quarter worth about $57,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Century Communities during the fourth quarter worth about $107,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wedbush upgraded shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price objective on the stock in a report on Friday, May 31st.

About Century Communities

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.