Shares of Century Communities Inc (NYSE:CCS) hit a new 52-week high on Thursday . The stock traded as high as $30.04 and last traded at $30.00, with a volume of 3914 shares. The stock had previously closed at $29.03.
Several brokerages have weighed in on CCS. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $30.50 to $32.50 in a research report on Wednesday. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a report on Monday, August 12th. ValuEngine raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Wedbush increased their price objective on Century Communities from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Century Communities has an average rating of “Buy” and an average price target of $34.63.
The firm has a 50 day moving average of $27.53 and a two-hundred day moving average of $26.26. The stock has a market cap of $844.97 million, a P/E ratio of 7.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.37 and a current ratio of 0.37.
In other Century Communities news, CEO Robert J. Francescon sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $27.77, for a total value of $2,082,750.00. Following the completion of the sale, the chief executive officer now owns 326,280 shares in the company, valued at approximately $9,060,795.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Scott Dixon sold 8,747 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The disclosure for this sale can be found here. Insiders sold a total of 183,747 shares of company stock valued at $4,925,843 in the last quarter. Corporate insiders own 14.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC bought a new position in shares of Century Communities during the 1st quarter worth approximately $25,000. Bank of Montreal Can lifted its position in shares of Century Communities by 1,419.2% during the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after buying an additional 2,143 shares during the period. SG Americas Securities LLC bought a new position in shares of Century Communities during the 1st quarter worth approximately $100,000. BNP Paribas Arbitrage SA lifted its position in shares of Century Communities by 271,950.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,441 shares of the construction company’s stock worth $130,000 after buying an additional 5,439 shares during the period. Finally, Rehmann Capital Advisory Group bought a new position in shares of Century Communities during the 1st quarter worth approximately $136,000. Institutional investors own 98.50% of the company’s stock.
About Century Communities (NYSE:CCS)
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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