Amalgamated Bank Sells 523 Shares of Century Communities, Inc. (NYSE:CCS)

Amalgamated Bank lowered its position in shares of Century Communities, Inc. (NYSE:CCS) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,128 shares of the construction company’s stock after selling 523 shares during the quarter. Amalgamated Bank’s holdings in Century Communities were worth $837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd lifted its stake in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares during the period. Signaturefd LLC grew its stake in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after acquiring an additional 115 shares in the last quarter. GAMMA Investing LLC raised its position in Century Communities by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after purchasing an additional 287 shares in the last quarter. Innealta Capital LLC purchased a new position in Century Communities during the 2nd quarter valued at about $162,000. Finally, nVerses Capital LLC lifted its holdings in Century Communities by 100.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock worth $180,000 after buying an additional 1,100 shares during the period. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, B. Riley reissued a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Stock Performance

CCS opened at $87.68 on Friday. Century Communities, Inc. has a twelve month low of $70.82 and a twelve month high of $108.42. The firm has a market capitalization of $2.75 billion, a PE ratio of 8.54 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $96.78 and its 200 day moving average price is $91.34.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. As a group, sell-side analysts expect that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Insider Buying and Selling

In other Century Communities news, Director John P. Box sold 11,282 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.90% of the stock is owned by insiders.

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.