Citizens Jmp Initiates Coverage on Century Communities (NYSE:CCS)

Research analysts at Citizens Jmp initiated coverage on shares of Century Communities (NYSE:CCS) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “market outperform” rating and a $92.00 price target on the construction company’s stock. Citizens Jmp’s target price indicates a potential upside of 35.27% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Citigroup began coverage on shares of Century Communities in a research report on Wednesday. They set an “outperform” rating on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Finally, Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $76.50.

Century Communities Trading Down 1.6%

Shares of NYSE:CCS opened at $68.01 on Wednesday. The business’s 50-day moving average is $62.33 and its 200 day moving average is $62.37. Century Communities has a 1 year low of $50.42 and a 1 year high of $81.10. The firm has a market capitalization of $2.00 billion, a P/E ratio of 9.93 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

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

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Century Communities by 6.5% during the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares during the period. AQR Capital Management LLC boosted its stake in shares of Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after buying an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Century Communities by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after acquiring an additional 529 shares during the period. Jones Financial Companies Lllp grew its holdings in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the period. Finally, Intech Investment Management LLC raised its position in Century Communities by 16.7% during the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after acquiring an additional 3,026 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Company Profile

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.