Insider Selling: Century Communities Inc (NYSE:CCS) CEO Sells 100,000 Shares of Stock

Century Communities Inc (NYSE:CCS) CEO Robert J. Francescon sold 100,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $26.05, for a total value of $2,605,000.00. Following the completion of the transaction, the chief executive officer now directly owns 376,280 shares of the company’s stock, valued at approximately $9,802,094. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Century Communities stock traded down $0.36 on Friday, reaching $26.33. 246,660 shares of the company were exchanged, compared to its average volume of 276,478. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50-day moving average price of $26.97. The stock has a market capitalization of $798.25 million, a price-to-earnings ratio of 6.68 and a beta of 1.31. Century Communities Inc has a 1-year low of $16.35 and a 1-year high of $33.75.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $472.60 million for the quarter, compared to analysts’ expectations of $448.81 million. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Research analysts forecast that Century Communities Inc will post 3.81 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Century Communities by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock worth $241,000 after purchasing an additional 544 shares during the period. Legal & General Group Plc increased its position in Century Communities by 21.7% in the 4th quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock valued at $86,000 after acquiring an additional 882 shares during the period. James Investment Research Inc. increased its position in Century Communities by 3.9% in the 1st quarter. James Investment Research Inc. now owns 26,975 shares of the construction company’s stock valued at $647,000 after acquiring an additional 1,010 shares during the period. Clearbridge Investments LLC acquired a new stake in Century Communities in the 1st quarter valued at approximately $25,000. Finally, Rhumbline Advisers increased its position in Century Communities by 3.6% in the 1st quarter. Rhumbline Advisers now owns 37,556 shares of the construction company’s stock valued at $900,000 after acquiring an additional 1,303 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

A number of research analysts recently commented on CCS shares. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. ValuEngine cut Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. TheStreet cut Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Finally, Wedbush set a $12.00 price objective on GameStop and gave the company a “buy” rating in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.22.

Century Communities Company Profile

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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