Century Communities (NYSE:CCS) Trading Up 15.2%

Century Communities Inc (NYSE:CCS)’s stock price was up 15.2% during trading on Wednesday . The stock traded as high as $14.83 and last traded at $16.90, approximately 22,694 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 691,411 shares. The stock had previously closed at $14.67.

Several equities analysts recently commented on CCS shares. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research note on Monday, February 10th. ValuEngine downgraded shares of Century Communities from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 14th. Wedbush downgraded shares of Century Communities from an “outperform” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research note on Thursday, February 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of Century Communities from an “overweight” rating to a “neutral” rating and set a $15.50 price objective for the company. in a research note on Wednesday, March 18th. Finally, B. Riley dropped their price objective on shares of Century Communities from $44.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Century Communities has an average rating of “Hold” and an average target price of $30.88.

The company’s 50 day moving average price is $29.93 and its 200-day moving average price is $29.48. The stock has a market cap of $485.15 million, a P/E ratio of 4.90 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.84.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.23. The firm had revenue of $775.70 million during the quarter, compared to the consensus estimate of $740.00 million. Century Communities had a net margin of 4.46% and a return on equity of 12.50%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Equities research analysts anticipate that Century Communities Inc will post 4.5 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Century Communities by 421.1% during the third quarter. California Public Employees Retirement System now owns 52,248 shares of the construction company’s stock worth $1,600,000 after buying an additional 42,222 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Century Communities during the fourth quarter worth $5,702,000. Peregrine Capital Management LLC increased its position in shares of Century Communities by 13.5% during the fourth quarter. Peregrine Capital Management LLC now owns 403,057 shares of the construction company’s stock worth $11,024,000 after buying an additional 48,074 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Century Communities during the fourth quarter worth $220,000. Finally, Public Sector Pension Investment Board increased its position in shares of Century Communities by 190.2% during the fourth quarter. Public Sector Pension Investment Board now owns 192,860 shares of the construction company’s stock worth $5,275,000 after buying an additional 126,392 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

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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