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

Voss Capital LP grew its stake in shares of Century Communities, Inc. (NYSE:CCS) by 64.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the construction company’s stock after acquiring 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.

A number of other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after buying an additional 688 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Century Communities in the fourth quarter worth $74,000. KBC Group NV increased its position in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the last quarter. Finally, R Squared Ltd bought a new position in Century Communities in the fourth quarter valued at about $142,000. 99.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCS shares. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush restated a “neutral” rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Stock Up 2.8 %

CCS stock opened at $59.55 on Monday. The business’s 50-day moving average price is $67.51 and its 200-day moving average price is $78.19. The stock has a market cap of $1.83 billion, a P/E ratio of 5.73 and a beta of 1.76. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a twelve month low of $55.85 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is presently 11.15%.

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.