Voss Capital LP Boosts Stock Position in Century Communities, Inc. (NYSE:CCS)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp grew its position in Century Communities by 21.8% in the third quarter. Stifel Financial Corp now owns 14,991 shares of the construction company's stock valued at $1,544,000 after purchasing an additional 2,682 shares in the last quarter. Barclays PLC raised its holdings in shares of Century Communities by 8.5% during the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company's stock worth $7,837,000 after buying an additional 5,981 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Century Communities during the 3rd quarter valued at $340,000. Franklin Resources Inc. increased its holdings in Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after purchasing an additional 51,021 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after buying an additional 10,453 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zelman & Associates raised Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush decreased their target price on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday. One equities research 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. Based on data from MarketBeat, Century Communities has an average rating of "Hold" and a consensus target price of $101.33.

Century Communities Stock Performance

Century Communities stock traded down $0.53 during midday trading on Friday, reaching $55.76. 437,456 shares of the company traded hands, compared to its average volume of 474,152. Century Communities, Inc. has a 12 month low of $53.75 and a 12 month high of $108.42. 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 current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day moving average of $66.38 and a two-hundred day moving average of $77.38.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. As a group, research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

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