Century Communities (NYSE:CCS) Stock Rating Upgraded by StockNews.com

Century Communities (NYSE:CCS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

CCS has been the topic of a number of other reports. B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush boosted their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Stock Down 3.7 %

Shares of NYSE:CCS opened at $91.11 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $94.85 and a two-hundred day moving average of $91.75. Century Communities has a 52-week low of $70.82 and a 52-week high of $108.42. The stock has a market cap of $2.86 billion, a P/E ratio of 9.08 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. On average, research analysts expect that Century Communities will post 10.95 earnings per share for the current year.

Insider Transactions at Century Communities

In related news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after purchasing an additional 13,861 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Century Communities by 10.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,636 shares of the construction company’s stock valued at $2,760,000 after buying an additional 2,627 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Century Communities by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,474 shares of the construction company’s stock valued at $2,073,000 after acquiring an additional 1,034 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Century Communities by 50.2% during the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock worth $3,778,000 after purchasing an additional 13,091 shares during the period. Finally, Cetera Advisors LLC bought a new position in Century Communities in the first quarter worth about $202,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.