Century Communities (NYSE:CCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.
According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “
A number of other equities analysts also recently issued reports on CCS. Wedbush reaffirmed an “outperform” rating and set a $30.00 price target (down from $42.00) on shares of Century Communities in a research report on Monday. They noted that the move was a valuation call. ValuEngine downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, JPMorgan Chase & Co. downgraded Century Communities from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $38.50 to $31.50 in a research report on Friday, September 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.50.
Shares of CCS stock traded up $0.46 during trading hours on Thursday, reaching $21.68. 612,185 shares of the company’s stock were exchanged, compared to its average volume of 325,103. The company has a market cap of $641.84 million, a PE ratio of 7.55 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.97. Century Communities has a fifty-two week low of $20.21 and a fifty-two week high of $36.00.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, September 5th. The construction company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.22. Century Communities had a return on equity of 14.40% and a net margin of 4.36%. On average, equities analysts forecast that Century Communities will post 4.49 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Century Communities by 8.6% during the second quarter. BlackRock Inc. now owns 2,156,079 shares of the construction company’s stock worth $68,026,000 after purchasing an additional 170,531 shares in the last quarter. B. Riley Financial Inc. increased its position in shares of Century Communities by 34.6% in the 2nd quarter. B. Riley Financial Inc. now owns 12,912 shares of the construction company’s stock valued at $407,000 after acquiring an additional 3,320 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Century Communities by 26.3% in the 2nd quarter. MetLife Investment Advisors LLC now owns 12,109 shares of the construction company’s stock valued at $382,000 after acquiring an additional 2,523 shares during the period. Swiss National Bank increased its position in shares of Century Communities by 18.5% in the 2nd quarter. Swiss National Bank now owns 38,466 shares of the construction company’s stock valued at $1,214,000 after acquiring an additional 6,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Century Communities by 17.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,245,213 shares of the construction company’s stock valued at $70,836,000 after acquiring an additional 330,733 shares during the period. 80.99% of the stock is currently owned by institutional investors and hedge funds.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.
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