TheStreet Lowers Century Communities (NYSE:CCS) to C+

TheStreet downgraded shares of Century Communities (NYSE:CCS) from a b- rating to a c+ rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on the stock. B. Riley dropped their price target on shares of Century Communities from $44.00 to $28.00 and set a buy rating on the stock in a research note on Tuesday, March 17th. ValuEngine downgraded shares of Century Communities from a sell rating to a strong sell rating in a research note on Saturday, March 14th. Zacks Investment Research raised shares of Century Communities from a sell rating to a hold rating and set a $42.00 price target on the stock in a research note on Monday, February 10th. Wedbush downgraded shares of Century Communities from an outperform rating to a neutral rating and set a $38.00 price target on the stock. in a research note on Thursday, February 13th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. downgraded shares of Century Communities from an overweight rating to a neutral rating and set a $15.50 price target on the stock. in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $30.88.

Shares of NYSE CCS traded up $0.22 during mid-day trading on Monday, reaching $17.50. The company had a trading volume of 698,700 shares, compared to its average volume of 519,403. Century Communities has a twelve month low of $9.04 and a twelve month high of $39.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $485.15 million, a PE ratio of 4.90 and a beta of 0.82. The stock’s 50 day moving average is $29.93 and its 200-day moving average is $29.48.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.23. Century Communities had a net margin of 4.46% and a return on equity of 12.50%. The business had revenue of $775.70 million for the quarter, compared to the consensus estimate of $740.00 million. During the same period in the prior year, the business posted $1.11 earnings per share. Century Communities’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Century Communities will post 4.5 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC boosted its holdings in Century Communities by 81.6% in the fourth quarter. Nuveen Asset Management LLC now owns 296,324 shares of the construction company’s stock worth $8,105,000 after purchasing an additional 133,181 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Century Communities by 9.9% in the fourth quarter. Kennedy Capital Management Inc. now owns 297,418 shares of the construction company’s stock worth $8,134,000 after purchasing an additional 26,813 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Century Communities by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 345,545 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 4,264 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in Century Communities by 5.6% in the fourth quarter. Mason Street Advisors LLC now owns 9,390 shares of the construction company’s stock worth $257,000 after purchasing an additional 501 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Century Communities in the fourth quarter worth $553,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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