Zacks Investment Research Lowers Century Communities (CCS) to Sell

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

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. “

CCS has been the subject of several other research reports. JPMorgan Chase & Co. lowered shares of Century Communities from an overweight rating to a neutral rating and reduced their price objective for the company from $38.50 to $31.50 in a research report on Friday, September 21st. ValuEngine lowered shares of Century Communities from a hold rating to a sell rating in a research report on Saturday, September 22nd. Finally, Zelman & Associates started coverage on shares of Century Communities in a research report on Wednesday, June 20th. They set a hold rating for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $37.90.

NYSE:CCS opened at $21.48 on Wednesday. Century Communities has a twelve month low of $21.39 and a twelve month high of $36.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $674.97 million, a PE ratio of 7.48 and a beta of 0.99.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, September 5th. The construction company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.22. Century Communities had a net margin of 4.36% and a return on equity of 14.40%. Equities research analysts expect that Century Communities will post 4.49 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Century Communities by 2.8% during the second quarter. Victory Capital Management Inc. now owns 65,659 shares of the construction company’s stock valued at $2,072,000 after buying an additional 1,792 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in Century Communities by 26.8% during the first quarter. MetLife Investment Advisors LLC now owns 9,586 shares of the construction company’s stock valued at $287,000 after buying an additional 2,025 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Century Communities by 36.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock valued at $270,000 after buying an additional 2,279 shares in the last quarter. B. Riley Financial Inc. lifted its stake in Century Communities by 34.6% during the second quarter. B. Riley Financial Inc. now owns 12,912 shares of the construction company’s stock valued at $407,000 after buying an additional 3,320 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Century Communities by 18.6% during the second quarter. First Trust Advisors LP now owns 27,191 shares of the construction company’s stock valued at $858,000 after buying an additional 4,255 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Century Communities Company Profile

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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Analyst Recommendations for Century Communities (NYSE:CCS)

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