Century Communities (NYSE:CCS) Upgraded by Wall Street Zen to “Hold” Rating

Century Communities (NYSE:CCS) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also commented on the stock. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and cut their price target for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $67.00.

Century Communities Trading Down 0.5%

Shares of CCS stock opened at $62.93 on Friday. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00. The firm’s fifty day simple moving average is $56.56 and its 200 day simple moving average is $60.92. The firm has a market capitalization of $1.81 billion, a P/E ratio of 14.17 and a beta of 1.34. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. As a group, sell-side analysts predict that Century Communities will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after purchasing an additional 411 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Century Communities in the 4th quarter worth approximately $70,000. Meeder Asset Management Inc. acquired a new position in shares of Century Communities in the 1st quarter worth approximately $81,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. Institutional investors own 99.54% of the company’s stock.

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.