Century Communities (NYSE:CCS) Upgraded to “Hold” at Zacks Research

Century Communities (NYSE:CCS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings downgraded Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. B. Riley Financial lowered Century Communities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Stock Up 0.4%

Century Communities stock opened at $62.68 on Monday. The firm has a 50 day simple moving average of $56.66 and a 200 day simple moving average of $60.85. 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 has a 1-year low of $47.28 and a 1-year high of $76.00. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.12 and a beta of 1.34.

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

Institutional Investors Weigh In On Century Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after buying an additional 72,920 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Century Communities by 10.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock valued at $14,300,000 after buying an additional 22,450 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in shares of Century Communities during the 3rd quarter worth $1,647,000. Pier Capital LLC lifted its holdings in shares of Century Communities by 56.7% during the 3rd quarter. Pier Capital LLC now owns 153,224 shares of the construction company’s stock worth $9,710,000 after acquiring an additional 55,415 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Century Communities by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,699 shares of the construction company’s stock worth $21,463,000 after acquiring an additional 71,688 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

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.