Zacks Research Downgrades Century Communities (NYSE:CCS) to Hold

Century Communities (NYSE:CCS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research firms also recently issued reports on CCS. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings upgraded shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Century Communities currently has an average rating of “Hold” and a consensus price target of $67.00.

Century Communities Stock Performance

Shares of CCS stock opened at $63.94 on Monday. The firm’s 50 day moving average price is $66.80 and its 200-day moving average price is $61.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities has a one year low of $47.28 and a one year high of $76.00. The firm has a market cap of $1.82 billion, a P/E ratio of 14.02 and a beta of 1.30.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The firm had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. During the same quarter last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities research analysts predict that Century Communities will post 4.86 EPS for the current year.

Institutional Trading of Century Communities

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Century Communities during the 2nd quarter worth approximately $367,973,000. Heartland Advisors Inc. purchased a new stake in shares of Century Communities in the second quarter valued at $37,006,000. Lakewood Capital Management LP acquired a new position in shares of Century Communities in the 2nd quarter valued at $34,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Century Communities in the second quarter worth $20,055,000. Finally, Bank of America Corp DE purchased a new position in Century Communities in the 2nd quarter worth approximately $12,589,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a homebuilding company headquartered in Denver, Colorado. Founded in 2002, the company develops and constructs single-family homes and townhomes for first-time, move-up and active-adult buyers.

The company markets homes under the Century Communities and Century Complete brands. Century Communities generally offers homes through its traditional sales model, while Century Complete focuses on streamlined, value-oriented homebuying, including online purchasing in select communities.