Century Communities (CCS) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Century Communities (NYSE:CCS) from a hold rating to a sell rating in a report published on Wednesday morning.

According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank reduced their price target on shares of Century Communities to $32.00 and set a buy rating on the stock in a research note on Sunday, November 25th. Wedbush reissued an outperform rating and issued a $30.00 price target (down from $42.00) on shares of Century Communities in a research note on Monday, October 29th. They noted that the move was a valuation call. ValuEngine downgraded shares of Century Communities from a sell rating to a strong sell rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. downgraded shares of Century Communities from an overweight rating to a neutral rating and reduced their price target for the company from $38.50 to $31.50 in a research note on Friday, September 21st. Finally, TheStreet downgraded shares of Century Communities from a b- rating to a c rating in a research note on Monday, November 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Century Communities currently has an average rating of Hold and an average price target of $32.90.

Shares of Century Communities stock traded up $0.08 on Wednesday, reaching $21.87. The company had a trading volume of 236,112 shares, compared to its average volume of 614,114. The company has a market capitalization of $673.00 million, a price-to-earnings ratio of 7.62 and a beta of 1.26. Century Communities has a 52-week low of $16.35 and a 52-week high of $35.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.30 and a current ratio of 0.30.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The company had revenue of $552.90 million during the quarter, compared to analysts’ expectations of $553.88 million. Century Communities had a net margin of 4.34% and a return on equity of 14.49%. Century Communities’s revenue was up 47.5% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. Equities analysts expect that Century Communities will post 4.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CCS. Teachers Advisors LLC boosted its stake in Century Communities by 2.6% during the 3rd quarter. Teachers Advisors LLC now owns 88,347 shares of the construction company’s stock worth $2,319,000 after purchasing an additional 2,264 shares during the period. Vanguard Group Inc raised its position in Century Communities by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 1,105,799 shares of the construction company’s stock worth $29,027,000 after buying an additional 21,740 shares during the last quarter. Vanguard Group Inc. raised its position in Century Communities by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,105,799 shares of the construction company’s stock worth $29,027,000 after buying an additional 21,740 shares during the last quarter. B. Riley Financial Inc. raised its position in Century Communities by 80.5% during the 3rd quarter. B. Riley Financial Inc. now owns 23,304 shares of the construction company’s stock worth $611,000 after buying an additional 10,392 shares during the last quarter. Finally, AJ Wealth Strategies LLC raised its position in Century Communities by 51.7% during the 3rd quarter. AJ Wealth Strategies LLC now owns 24,660 shares of the construction company’s stock worth $647,000 after buying an additional 8,400 shares during the last quarter. 81.88% of the stock is currently owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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