Century Communities, Inc. (NYSE:CCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” 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. “

Several other equities analysts have also recently issued reports on CCS. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. FBR & Co reissued a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday, October 3rd. Citigroup Inc. reissued a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday, August 8th. BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $30.50.

Shares of Century Communities (CCS) traded up $0.05 during mid-day trading on Tuesday, reaching $29.40. The company’s stock had a trading volume of 175,800 shares, compared to its average volume of 186,887. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 12-month low of $19.65 and a 12-month high of $30.16. The company has a market capitalization of $809.27, a P/E ratio of 11.74 and a beta of 1.13.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.30. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 51.1% on a year-over-year basis. equities analysts forecast that Century Communities will post 2.11 EPS for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners grew its stake in Century Communities by 107.5% in the third quarter. Boston Partners now owns 705,530 shares of the construction company’s stock worth $17,427,000 after purchasing an additional 365,540 shares during the period. Dimensional Fund Advisors LP grew its stake in Century Communities by 32.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after purchasing an additional 285,856 shares during the period. Russell Investments Group Ltd. grew its stake in Century Communities by 92.4% in the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after purchasing an additional 244,629 shares during the period. Alpine Woods Capital Investors LLC purchased a new stake in Century Communities in the third quarter worth $3,705,000. Finally, Peregrine Capital Management LLC grew its stake in Century Communities by 26.9% in the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after purchasing an additional 102,878 shares during the period. 61.26% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Century Communities (NYSE:CCS)

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