Century Communities, Inc (CCS) Lifted to Hold at Zacks Investment Research
Century Communities, Inc (NYSE:CCS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a 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. “
Other analysts have also issued reports about the company. FBR & Co reissued an “outperform” rating on shares of Century Communities in a research note on Tuesday, September 27th. Wedbush assumed coverage on Century Communities in a research note on Monday, September 19th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Citigroup Inc. assumed coverage on Century Communities in a research note on Thursday, September 1st. They issued a “buy” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.90.
Shares of Century Communities (NYSE:CCS) traded down 0.94% during trading on Tuesday, hitting $21.00. The stock had a trading volume of 131,187 shares. Century Communities has a one year low of $13.11 and a one year high of $21.64. The stock’s 50-day moving average price is $20.53 and its 200-day moving average price is $19.16. The company has a market cap of $434.36 million, a P/E ratio of 9.40 and a beta of 1.04.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $248.10 million for the quarter, compared to analyst estimates of $243.57 million. Century Communities had a return on equity of 11.19% and a net margin of 5.27%. The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities research analysts forecast that Century Communities will post $2.31 EPS for the current fiscal year.
In other news, insider Dale Francescon sold 67,250 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly 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 is accessible through the SEC website. 28.73% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Century Communities by 0.6% in the third quarter. Rhumbline Advisers now owns 17,391 shares of the company’s stock valued at $374,000 after buying an additional 110 shares during the last quarter. BlackRock Inc. increased its stake in shares of Century Communities by 1.5% in the third quarter. BlackRock Inc. now owns 13,853 shares of the company’s stock valued at $298,000 after buying an additional 203 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Century Communities by 1.3% in the third quarter. California State Teachers Retirement System now owns 32,170 shares of the company’s stock valued at $692,000 after buying an additional 400 shares during the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Century Communities by 6.3% in the third quarter. Morgan Stanley now owns 9,748 shares of the company’s stock valued at $209,000 after buying an additional 578 shares during the last quarter. Institutional investors own 62.77% of the company’s stock.
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