Century Communities, Inc. (NYSE:CCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “

CCS has been the topic of several other reports. J P Morgan Chase & Co upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. FBR & Co restated a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, October 3rd. Wedbush restated an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. Citigroup Inc. restated a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.50.

Century Communities (NYSE:CCS) traded up 1.19% during trading on Tuesday, reaching $25.50. 205,701 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $23.70 and its 200-day moving average price is $25.06. Century Communities has a one year low of $18.45 and a one year high of $28.05. The stock has a market cap of $573.72 million, a P/E ratio of 10.71 and a beta of 1.07.

Century Communities (NYSE:CCS) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $305.38 million. Century Communities had a return on equity of 10.74% and a net margin of 4.87%. Century Communities’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts anticipate that Century Communities will post $2.29 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of Century Communities by 53.9% in the 1st quarter. Morgan Stanley now owns 85,491 shares of the construction company’s stock worth $2,172,000 after buying an additional 29,938 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Century Communities by 72.7% in the 2nd quarter. Prudential Financial Inc. now owns 140,246 shares of the construction company’s stock worth $3,478,000 after buying an additional 59,056 shares in the last quarter. Credit Suisse AG boosted its position in shares of Century Communities by 114.4% in the 1st quarter. Credit Suisse AG now owns 22,963 shares of the construction company’s stock worth $583,000 after buying an additional 12,255 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Century Communities by 200.0% in the 1st quarter. Wells Fargo & Company MN now owns 31,214 shares of the construction company’s stock worth $793,000 after buying an additional 20,811 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Century Communities by 118.7% in the 1st 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. Institutional investors and hedge funds own 59.80% 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.

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