Voss Capital LP Has $5.03 Million Stake in Century Communities, Inc. $CCS

Key Points

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Voss Capital LP cut its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 25.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the construction company's stock after selling 25,000 shares during the period. Voss Capital LP owned about 0.25% of Century Communities worth $5,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Century Communities during the first quarter worth $423,000. Principal Financial Group Inc. lifted its stake in Century Communities by 1.4% during the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock worth $9,107,000 after purchasing an additional 1,870 shares during the last quarter. SG Americas Securities LLC bought a new stake in Century Communities during the first quarter worth $982,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Century Communities by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock worth $3,364,000 after purchasing an additional 3,036 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on CCS shares. B. Riley started coverage on shares of Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target for the company. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Century Communities presently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

Century Communities Price Performance

Shares of NYSE:CCS traded up $4.8290 during trading on Friday, hitting $67.5190. 427,126 shares of the company were exchanged, compared to its average volume of 327,344. The business's 50 day moving average is $59.60 and its 200-day moving average is $61.24. The company has a market capitalization of $2.00 billion, a P/E ratio of 8.24 and a beta of 1.41. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.Century Communities's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 earnings per share. Equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 27th. Century Communities's dividend payout ratio is presently 14.16%.

Century Communities 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.