Wall Street Zen Upgrades Century Communities (NYSE:CCS) to Hold

Century Communities (NYSE:CCS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

CCS has been the subject of a number of other reports. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. B. Riley assumed coverage on Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.00.

Century Communities Trading Up 1.9%

Shares of NYSE CCS opened at $69.63 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $62.01 and a two-hundred day simple moving average of $60.83. The firm has a market cap of $2.07 billion, a PE ratio of 8.50 and a beta of 1.46. Century Communities has a twelve month low of $50.42 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.Century Communities’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.65 EPS. Analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after buying an additional 594 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Century Communities during the 1st quarter valued at about $423,000. Principal Financial Group Inc. increased its position in Century Communities by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company’s stock valued at $9,107,000 after buying an additional 1,870 shares in the last quarter. SG Americas Securities LLC acquired a new position in Century Communities during the 1st quarter valued at about $982,000. Finally, Allspring Global Investments Holdings LLC increased its position in Century Communities by 6.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company’s stock valued at $3,364,000 after buying an additional 3,036 shares in the last quarter. 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.