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Forager Capital Management LLC Trims Position in Century Communities, Inc. (NYSE:CCS)

Century Communities logo with Construction background

Forager Capital Management LLC reduced its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,193 shares of the construction company's stock after selling 10,000 shares during the quarter. Century Communities comprises 3.9% of Forager Capital Management LLC's investment portfolio, making the stock its 12th largest position. Forager Capital Management LLC owned approximately 0.30% of Century Communities worth $9,803,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Century Communities by 1.9% during the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company's stock valued at $654,000 after purchasing an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Century Communities by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company's stock valued at $231,000 after purchasing an additional 172 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company's stock valued at $796,000 after purchasing an additional 186 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Century Communities by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company's stock valued at $1,160,000 after purchasing an additional 200 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 1.2 %

Century Communities stock traded down $1.05 during mid-day trading on Wednesday, hitting $85.10. The company had a trading volume of 69,365 shares, compared to its average volume of 301,130. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $92.37 and its two-hundred day moving average price is $91.91. Century Communities, Inc. has a 12 month low of $74.76 and a 12 month high of $108.42. The company has a market capitalization of $2.67 billion, a PE ratio of 8.59 and a beta of 1.87.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. The company's revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's dividend payout ratio is currently 10.37%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCS. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, B. Riley reissued a "buy" rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

View Our Latest Stock Analysis on Century Communities

Century Communities Profile

(Free Report)

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.

See Also

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

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