Stock Traders Purchase High Volume of Call Options on Century Communities (CCS)
Century Communities, Inc (NYSE:CCS) was the target of unusually large options trading on Tuesday. Stock investors purchased 1,104 call options on the company. This is an increase of approximately 1,652% compared to the average daily volume of 63 call options.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. B. Riley reaffirmed a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. FBR & Co reaffirmed a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $28.00 to $32.00 in a research note on Thursday, September 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $30.50.
Shares of Century Communities (NYSE:CCS) opened at $29.55 on Friday. The firm has a market capitalization of $812.02, a PE ratio of 11.78 and a beta of 1.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87. Century Communities has a one year low of $20.30 and a one year high of $31.90.
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of Century Communities by 6.9% during the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after purchasing an additional 278 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Century Communities during the 3rd quarter valued at about $120,000. Alliancebernstein L.P. bought a new stake in shares of Century Communities during the 2nd quarter valued at about $216,000. Cubist Systematic Strategies LLC bought a new stake in shares of Century Communities during the 3rd quarter valued at about $224,000. Finally, Nordea Investment Management AB boosted its position in shares of Century Communities by 31.4% during the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock valued at $228,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 66.49% of the company’s stock.
Century Communities Company Profile
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.
Receive News & Stock Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related stocks with our FREE daily email newsletter.