Century Communities, Inc. (CCS) Downgraded by BidaskClub to “Hold”
BidaskClub lowered shares of Century Communities, Inc. (NYSE:CCS) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
A number of other research analysts have also weighed in on CCS. FBR & Co reissued an outperform rating and set a $27.00 target price on shares of Century Communities in a research report on Monday, April 17th. Zacks Investment Research lowered shares of Century Communities from a hold rating to a sell rating in a research report on Tuesday, April 18th. ValuEngine raised shares of Century Communities from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. reissued a buy rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Century Communities presently has a consensus rating of Buy and an average price target of $29.25.
Shares of Century Communities (NYSE:CCS) traded down 0.22% during mid-day trading on Tuesday, hitting $23.00. The stock had a trading volume of 252,838 shares. Century Communities has a one year low of $18.45 and a one year high of $28.05. The firm’s 50 day moving average price is $25.18 and its 200-day moving average price is $24.99. The company has a market cap of $517.48 million, a PE ratio of 9.66 and a beta of 1.02.
Century Communities (NYSE:CCS) last released its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $287.60 million for the quarter, compared to analyst estimates of $305.38 million. Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. On average, equities research analysts anticipate that Century Communities will post $2.25 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after buying an additional 278 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Century Communities by 118.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock worth $131,000 after buying an additional 2,816 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Century Communities during the first quarter worth approximately $178,000. Trexquant Investment LP bought a new position in shares of Century Communities during the first quarter worth approximately $201,000. Finally, Alliancebernstein L.P. bought a new position in shares of Century Communities during the second quarter worth approximately $216,000. 66.75% of the stock is owned by institutional investors and hedge funds.
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