Jackson Creek Investment Advisors LLC Lowers Holdings in Century Communities, Inc. (NYSE:CCS)

Jackson Creek Investment Advisors LLC reduced its stake in Century Communities, Inc. (NYSE:CCS) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,598 shares of the construction company’s stock after selling 549 shares during the period. Jackson Creek Investment Advisors LLC owned approximately 0.06% of Century Communities worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its position in Century Communities by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock valued at $1,157,000 after purchasing an additional 349 shares during the last quarter. KBC Group NV grew its holdings in shares of 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 buying an additional 403 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Century Communities in the 3rd quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 569 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 0.8 %

Century Communities stock opened at $71.78 on Friday. Century Communities, Inc. has a one year low of $66.71 and a one year high of $108.42. The stock has a fifty day moving average of $73.54 and a 200 day moving average of $86.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $2.22 billion, a PE ratio of 6.90 and a beta of 1.92.

Century Communities (NYSE:CCS) last released its quarterly 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 net margin of 7.59% and a return on equity of 14.17%. As a group, sell-side analysts predict 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 will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is currently 11.15%.

Wall Street Analyst Weigh In

A number of analysts have commented on CCS shares. 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. Wedbush reiterated a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.00.

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.