Voss Capital LP Lowers Stake in Century Communities, Inc. $CCS

Voss Capital LP reduced its holdings in shares of Century Communities, Inc. (NYSE:CCSFree Report) by 56.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the construction company’s stock after selling 205,000 shares during the period. Voss Capital LP’s holdings in Century Communities were worth $9,496,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after acquiring an additional 72,920 shares during the period. Denali Advisors LLC purchased a new position in Century Communities during the 3rd quarter valued at about $1,375,000. First Eagle Investment Management LLC lifted its position in Century Communities by 10.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock valued at $14,300,000 after acquiring an additional 22,450 shares during the period. Penn Capital Management Company LLC purchased a new position in Century Communities during the 3rd quarter valued at about $1,647,000. Finally, Pier Capital LLC lifted its position in Century Communities by 56.7% during the 3rd quarter. Pier Capital LLC now owns 153,224 shares of the construction company’s stock valued at $9,710,000 after acquiring an additional 55,415 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCS. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $67.00.

Get Our Latest Stock Analysis on CCS

Century Communities Stock Down 0.9%

CCS opened at $60.12 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $56.17 and a 200-day moving average price of $61.01. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.34.

Century Communities (NYSE:CCSGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The firm had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. During the same period in the previous year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. Equities research analysts forecast that Century Communities, Inc. will post 3.84 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, May 27th. Century Communities’s payout ratio is 28.83%.

Century Communities Company Profile

(Free Report)

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

See Also

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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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