Century Communities Inc. (CCS) Downgraded to “Strong Sell” at Zacks Investment Research
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. “
CCS has been the subject of several other research reports. FBR & Co began coverage on Century Communities in a research note on Thursday, September 29th. They set a buy rating and a $24.00 price target for the company. Wedbush began coverage on Century Communities in a research note on Monday, September 19th. They set an outperform rating and a $30.00 price target for the company. Finally, Citigroup Inc. began coverage on Century Communities in a research note on Thursday, September 1st. They set a buy rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Century Communities presently has a consensus rating of Buy and an average target price of $23.25.
Shares of Century Communities (NYSE:CCS) traded up 0.95% during midday trading on Monday, hitting $21.15. 648 shares of the company were exchanged. The company has a 50-day moving average price of $20.48 and a 200-day moving average price of $18.67. The stock has a market capitalization of $437.19 million, a price-to-earnings ratio of 10.01 and a beta of 0.98. Century Communities has a 52-week low of $13.11 and a 52-week high of $21.64.
Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $257.20 million for the quarter, compared to analyst estimates of $216.29 million. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. The business’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts forecast that Century Communities will post $2.43 EPS for the current year.
In other Century Communities news, insider Dale Francescon sold 67,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total value of $1,345,000.00. Following the completion of the transaction, the insider now owns 435,504 shares in the company, valued at approximately $8,710,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Francescon sold 71,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total value of $1,424,287.50. Following the completion of the transaction, the insider now owns 435,504 shares of the company’s stock, valued at approximately $8,705,724.96. The disclosure for this sale can be found here. 28.73% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Walleye Trading LLC bought a new position in Century Communities during the second quarter worth $128,000. Paradigm Asset Management Co. LLC boosted its position in Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock worth $130,000 after buying an additional 500 shares in the last quarter. Scout Investments Inc. bought a new position in Century Communities during the second quarter worth $190,000. Spark Investment Management LLC bought a new position in Century Communities during the first quarter worth $204,000. Finally, BlackRock Inc. boosted its position in Century Communities by 1,332.3% in the second quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock worth $237,000 after buying an additional 12,697 shares in the last quarter. Hedge funds and other institutional investors own 61.26% of the company’s stock.
Receive News & Stock Ratings for Century Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities Inc. and related stocks with our FREE daily email newsletter.