Century Communities (NYSE:CCS) Downgraded by ValuEngine

Century Communities (NYSE:CCS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Wedbush set a $12.00 target price on shares of GameStop and gave the company a “buy” rating in a research report on Friday, May 31st. TheStreet cut shares of Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.22.

Shares of CCS stock traded down $0.65 during trading hours on Wednesday, hitting $26.69. The company’s stock had a trading volume of 171,125 shares, compared to its average volume of 459,113. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day simple moving average of $26.97. Century Communities has a 12-month low of $16.35 and a 12-month high of $33.80. The stock has a market cap of $828.95 million, a PE ratio of 6.77 and a beta of 1.31.

Century Communities (NYSE:CCS) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.19. The firm had revenue of $472.60 million during the quarter, compared to analysts’ expectations of $448.81 million. Century Communities had a net margin of 4.11% and a return on equity of 13.66%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. Research analysts expect that Century Communities will post 3.85 EPS for the current year.

In other Century Communities news, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $26.05, for a total transaction of $2,605,000.00. Following the sale, the chief executive officer now owns 376,280 shares of the company’s stock, valued at $9,802,094. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Century Communities by 1,256.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,939 shares of the construction company’s stock worth $1,862,000 after purchasing an additional 65,709 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Century Communities by 16.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,084,160 shares of the construction company’s stock worth $25,987,000 after buying an additional 154,238 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Century Communities by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,583,310 shares of the construction company’s stock valued at $44,588,000 after purchasing an additional 45,420 shares during the last quarter. United Services Automobile Association raised its stake in Century Communities by 32.9% in the 4th quarter. United Services Automobile Association now owns 13,068 shares of the construction company’s stock valued at $226,000 after purchasing an additional 3,232 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new position in Century Communities in the 4th quarter valued at about $345,000. Institutional investors own 95.43% 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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Analyst Recommendations for Century Communities (NYSE:CCS)

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