Fox Run Management L.L.C. Acquires New Position in Century Communities, Inc. $CCS

Fox Run Management L.L.C. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,586 shares of the construction company’s stock, valued at approximately $315,000.

Other large investors have also recently modified their holdings of the company. Sigma Planning Corp raised its holdings in shares of Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after buying an additional 200 shares in the last quarter. US Bancorp DE grew its position in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after acquiring an additional 266 shares in the last quarter. GAMMA Investing LLC raised its stake in Century Communities by 17.4% during the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after acquiring an additional 275 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company’s stock worth $615,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.00.

Century Communities Stock Performance

Shares of Century Communities stock opened at $60.26 on Thursday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 8.80 and a beta of 1.53. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $95.76. The company’s fifty day moving average is $62.78 and its 200 day moving average is $59.67. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The business had revenue of $980.28 million during the quarter, compared to analyst estimates of $906.10 million. During the same period last year, the company earned $2.77 EPS. Century Communities’s revenue for the quarter was down 13.8% compared to the same quarter last year. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. Century Communities’s payout ratio is currently 16.93%.

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.