Fox Run Management L.L.C. Has $292,000 Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Fox Run Management L.L.C. decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 45.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,974 shares of the construction company’s stock after selling 3,345 shares during the period. Fox Run Management L.L.C.’s holdings in Century Communities were worth $292,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in shares of Century Communities during the 3rd quarter worth approximately $921,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after acquiring an additional 16,397 shares during the period. Citigroup Inc. lifted its holdings in shares of Century Communities by 34.6% during the third quarter. Citigroup Inc. now owns 72,952 shares of the construction company’s stock valued at $7,513,000 after acquiring an additional 18,765 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Century Communities in the 3rd quarter valued at $243,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Century Communities in the 3rd quarter worth about $144,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of recent analyst reports. Wedbush restated a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Century Communities presently has an average rating of “Hold” and an average target price of $103.00.

Century Communities Price Performance

CCS opened at $69.18 on Friday. 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 stock has a market capitalization of $2.14 billion, a P/E ratio of 6.65 and a beta of 2.10. The company’s 50 day simple moving average is $72.64 and its 200-day simple moving average is $83.30. Century Communities, Inc. has a one year low of $66.07 and a one year high of $108.42.

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

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date 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 (DPR) is 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.