Century Communities, Inc. (NYSE:CCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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 have also recently commented on the company. J P Morgan Chase & Co upgraded Century Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. FBR & Co reiterated a “buy” rating and set a $30.00 price target on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reiterated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Citigroup Inc. reiterated a “buy” rating and set a $30.00 price target on shares of Century Communities in a report on Tuesday, August 8th. Finally, BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.50.
Shares of Century Communities (NYSE CCS) opened at 25.45 on Tuesday. The company has a market cap of $572.60 million, a P/E ratio of 10.69 and a beta of 1.07. Century Communities has a 1-year low of $18.45 and a 1-year high of $28.05. The stock’s 50 day moving average price is $23.86 and its 200 day moving average price is $25.06.
Century Communities (NYSE:CCS) last released its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $287.60 million during the quarter, compared to analyst estimates of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. Century Communities’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Equities research analysts forecast that Century Communities will post $2.29 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Century Communities by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock worth $22,142,000 after purchasing an additional 175,217 shares during the period. Vanguard Group Inc. grew its holdings in Century Communities by 10.0% during the second quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock worth $17,401,000 after purchasing an additional 63,732 shares during the period. Russell Investments Group Ltd. grew its holdings in Century Communities by 92.4% during the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after purchasing an additional 244,629 shares during the period. Wellington Management Group LLP grew its holdings in Century Communities by 8.4% during the first quarter. Wellington Management Group LLP now owns 467,598 shares of the construction company’s stock worth $11,877,000 after purchasing an additional 36,038 shares during the period. Finally, Peregrine Capital Management LLC grew its holdings in Century Communities by 2.0% during the second quarter. Peregrine Capital Management LLC now owns 381,817 shares of the construction company’s stock worth $9,469,000 after purchasing an additional 7,654 shares during the period. Institutional investors and hedge funds own 59.80% of the company’s stock.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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