Forager Capital Management LLC Sells 46,382 Shares of Century Communities, Inc. (NYSE:CCS)

Forager Capital Management LLC trimmed its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,811 shares of the construction company's stock after selling 46,382 shares during the quarter. Century Communities comprises about 1.5% of Forager Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Forager Capital Management LLC owned about 0.16% of Century Communities worth $3,581,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Illinois Municipal Retirement Fund grew its stake in shares of Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after acquiring an additional 349 shares during the last quarter. KBC Group NV grew its position in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. Principal Securities Inc. increased its stake in Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after purchasing an additional 460 shares in the last quarter. Cetera Investment Advisers raised its holdings in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock worth $571,000 after buying an additional 562 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of Century Communities by 11.2% in the fourth quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock worth $412,000 after buying an additional 565 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of CCS stock opened at $53.96 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $62.66 and a 200-day moving average price of $74.02. Century Communities, Inc. has a 52 week low of $52.41 and a 52 week high of $108.42. The firm has a market capitalization of $1.65 billion, a PE ratio of 5.19 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Century Communities's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.15%. Century Communities's dividend payout ratio is currently 12.01%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCS. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush cut their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Century Communities presently has an average rating of "Hold" and an average price target of $101.33.

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.

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