Century Communities (NYSE:CCS) Stock Rating Lowered by Wall Street Zen

Century Communities (NYSE:CCS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently issued reports on CCS. B. Riley Financial lowered their price objective on shares of Century Communities from $64.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Zacks Research cut shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and an average target price of $63.00.

Century Communities Stock Down 0.1%

CCS opened at $52.56 on Friday. The company has a 50 day moving average of $60.44 and a 200 day moving average of $62.25. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.49 billion, a PE ratio of 14.02 and a beta of 1.28. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 28th. The construction company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21). Century Communities had a return on equity of 5.41% and a net margin of 2.86%. The business had revenue of $864.47 million during the quarter, compared to analysts’ expectations of $949.83 million. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, sell-side analysts expect that Century Communities will post 3.61 EPS for the current year.

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently modified their holdings of CCS. Nykredit A S acquired a new position in shares of Century Communities in the 2nd quarter valued at $26,000. Farther Finance Advisors LLC raised its stake in shares of Century Communities by 287.4% in the third quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company’s stock valued at $26,000 after acquiring an additional 319 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Century Communities by 56.3% during the third quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock worth $39,000 after purchasing an additional 232 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Century Communities in the 1st quarter worth $81,000. Finally, State of Wyoming purchased a new stake in Century Communities during the second quarter worth $82,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.