Century Communities (NYSE:CCS) Earns Market Outperform Rating from Analysts at Citizens Jmp

Analysts at Citizens Jmp started coverage on shares of Century Communities (NYSE:CCS) in a report issued on Wednesday,Benzinga reports. The brokerage set a “market outperform” rating and a $92.00 price target on the construction company’s stock. Citizens Jmp’s price objective would suggest a potential upside of 38.58% from the stock’s previous close.

A number of other research analysts have also issued reports on CCS. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 target price on shares of Century Communities in a research report on Thursday, December 4th. Citigroup started coverage on shares of Century Communities in a report on Wednesday. They set an “outperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.50.

Century Communities Stock Down 2.2%

CCS stock opened at $66.39 on Wednesday. The firm’s fifty day moving average is $61.97 and its 200 day moving average is $62.28. The firm has a market cap of $1.95 billion, a PE ratio of 9.69 and a beta of 1.56. Century Communities has a one year low of $50.42 and a one year high of $81.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The firm had revenue of $980.28 million for the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The company’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period last year, the firm earned $2.77 EPS. On average, research analysts forecast that Century Communities will post 11.07 EPS for the current year.

Institutional Trading of Century Communities

A number of hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its stake in Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after purchasing an additional 282,133 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after purchasing an additional 254,186 shares during the last quarter. Jennison Associates LLC lifted its position in Century Communities by 5.0% during the second quarter. Jennison Associates LLC now owns 480,475 shares of the construction company’s stock worth $27,060,000 after buying an additional 23,073 shares in the last quarter. Heartland Advisors Inc. boosted its stake in Century Communities by 8.7% during the third quarter. Heartland Advisors Inc. now owns 456,003 shares of the construction company’s stock worth $28,897,000 after buying an additional 36,521 shares during the last quarter. Finally, Voss Capital LP grew its holdings in Century Communities by 28.1% in the 3rd quarter. Voss Capital LP now owns 365,000 shares of the construction company’s stock valued at $23,130,000 after buying an additional 80,000 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.