Voss Capital LP Increases Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Voss Capital LP boosted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 64.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the construction company's stock after purchasing an additional 39,335 shares during the quarter. Voss Capital LP owned about 0.32% of Century Communities worth $7,336,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CCS. Smartleaf Asset Management LLC grew its position in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC purchased a new position in Century Communities during the 4th quarter worth $74,000. KBC Group NV increased its stake in Century Communities by 44.3% in the fourth 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 period. Finally, R Squared Ltd acquired a new stake in shares of Century Communities during the fourth quarter worth about $142,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wedbush dropped their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $101.33.

Century Communities Stock Performance

NYSE:CCS traded down $0.53 during mid-day trading on Friday, reaching $55.76. The stock had a trading volume of 437,456 shares, compared to its average volume of 356,509. Century Communities, Inc. has a twelve month low of $53.75 and a twelve month high of $108.42. The business has a 50 day simple moving average of $66.03 and a 200 day simple moving average of $77.09. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly 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). The business had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 2.08%. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is currently 11.15%.

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.