Century Communities (NYSE:CCS) Reaches New 52-Week Low – Time to Sell?

Shares of Century Communities, Inc. (NYSE:CCS) hit a new 52-week low during trading on Friday . The stock traded as low as $73.60 and last traded at $74.96, with a volume of 890360 shares. The stock had previously closed at $76.94.

Analyst Ratings Changes

Several research firms have commented on CCS. B. Riley reissued a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Wedbush upped their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the company from $110.00 to $97.00 in a report on Friday, December 13th.

Century Communities Stock Down 2.6 %

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $89.59 and a two-hundred day simple moving average of $91.71. The company has a market capitalization of $2.35 billion, a P/E ratio of 7.47 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Century Communities during the 2nd quarter worth approximately $7,419,000. Westwood Holdings Group Inc. boosted its holdings in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares during the period. Marshall Wace LLP grew its position in Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after acquiring an additional 66,029 shares during the last quarter. Finally, Algert Global LLC grew its position in Century Communities by 86.9% in the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after acquiring an additional 57,341 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Company 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.