Century Communities (CCS) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Century Communities (NYSE:CCS) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

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 brokerages have also issued reports on CCS. Wedbush lowered Century Communities from an outperform rating to a neutral rating and decreased their target price for the company from $26.00 to $24.00 in a research report on Friday, February 8th. TheStreet upgraded Century Communities from a c rating to a b- rating in a research report on Tuesday, February 19th. ValuEngine upgraded Century Communities from a sell rating to a hold rating in a research report on Thursday, February 7th. Finally, Zelman & Associates upgraded Century Communities from a hold rating to a buy rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $31.70.

Shares of NYSE:CCS opened at $25.50 on Tuesday. Century Communities has a 1 year low of $16.35 and a 1 year high of $35.50. The company has a market cap of $776.22 million, a PE ratio of 6.47 and a beta of 1.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.37 and a current ratio of 0.37.

Century Communities (NYSE:CCS) last announced its earnings results on Thursday, February 7th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.01). Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The business had revenue of $640.19 million for the quarter, compared to analysts’ expectations of $642.07 million. During the same quarter last year, the business earned $0.60 EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Sell-side analysts expect that Century Communities will post 3.28 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCS. Shoals Capital Management LP acquired a new position in Century Communities in the 4th quarter valued at $24,941,000. Q Global Advisors LLC acquired a new position in Century Communities in the 4th quarter valued at $10,517,000. Boston Partners raised its stake in Century Communities by 181.9% in the 4th quarter. Boston Partners now owns 703,147 shares of the construction company’s stock valued at $12,136,000 after purchasing an additional 453,717 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Century Communities by 50.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 929,922 shares of the construction company’s stock valued at $16,050,000 after purchasing an additional 311,504 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Century Communities by 13.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,537,890 shares of the construction company’s stock valued at $66,619,000 after purchasing an additional 292,677 shares during the last quarter. 90.09% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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