Century Communities Inc (NYSE:CCS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.98 and last traded at $19.82, with a volume of 20301 shares changing hands. The stock had previously closed at $19.43.
A number of equities research analysts recently issued reports on CCS shares. Wedbush restated an “outperform” rating and issued a $30.00 target price (down from $42.00) on shares of Century Communities in a report on Monday, October 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Deutsche Bank lowered their target price on shares of Century Communities to $32.00 and set a “buy” rating for the company in a report on Sunday, November 25th. ValuEngine downgraded shares of Century Communities from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. Finally, JPMorgan Chase & Co. downgraded shares of Century Communities from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $38.50 to $31.50 in a report on Friday, September 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Century Communities has an average rating of “Hold” and a consensus target price of $32.90.
The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $609.95 million, a PE ratio of 6.88 and a beta of 1.18.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). Century Communities had a return on equity of 14.49% and a net margin of 4.34%. The business had revenue of $552.90 million for the quarter, compared to analysts’ expectations of $553.88 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Century Communities’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, analysts expect that Century Communities Inc will post 4.2 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Century Communities by 2.0% during the third quarter. Vanguard Group Inc. now owns 1,105,799 shares of the construction company’s stock worth $29,027,000 after buying an additional 21,740 shares during the period. B. Riley Financial Inc. grew its stake in Century Communities by 80.5% during the third quarter. B. Riley Financial Inc. now owns 23,304 shares of the construction company’s stock worth $611,000 after buying an additional 10,392 shares during the period. AJ Wealth Strategies LLC grew its stake in Century Communities by 51.7% during the third quarter. AJ Wealth Strategies LLC now owns 24,660 shares of the construction company’s stock worth $647,000 after buying an additional 8,400 shares during the period. First Sabrepoint Capital Management LP grew its stake in Century Communities by 12.4% during the third quarter. First Sabrepoint Capital Management LP now owns 700,000 shares of the construction company’s stock worth $18,375,000 after buying an additional 76,951 shares during the period. Finally, MetLife Investment Advisors LLC lifted its position in shares of Century Communities by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 18,787 shares of the construction company’s stock worth $493,000 after purchasing an additional 6,678 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.
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Century Communities Company Profile (NYSE:CCS)
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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