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.
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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