Century Communities (NYSE:CCS) Lowered to “Sell” Rating by StockNews.com

Century Communities (NYSE:CCS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

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

Century Communities Stock Performance

Shares of NYSE:CCS traded down $1.31 during trading on Thursday, reaching $86.81. The stock had a trading volume of 240,501 shares, compared to its average volume of 303,679. 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 stock has a fifty day simple moving average of $93.00 and a two-hundred day simple moving average of $91.80. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 8.66 and a beta of 1.87. Century Communities has a 52 week low of $74.76 and a 52 week high of $108.42.

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

Hedge Funds Weigh In On Century Communities

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter valued at $51,000. Signaturefd LLC lifted its position in shares of Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after purchasing an additional 287 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities during the third quarter valued at approximately $144,000. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities in the second quarter valued at approximately $162,000. 99.54% of the stock is owned by institutional investors.

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.