Century Communities Inc (NYSE:CCS) Receives Consensus Recommendation of “Hold” from Analysts

Century Communities Inc (NYSE:CCS) has received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $31.77.

Several analysts recently weighed in on the company. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Wedbush set a $12.00 price target on GameStop and gave the company a “buy” rating in a report on Friday, May 31st. ValuEngine lowered Yirendai from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 26th. Finally, TheStreet lowered Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th.

In other Century Communities news, CEO Robert J. Francescon sold 100,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $26.05, for a total value of $2,605,000.00. Following the transaction, the chief executive officer now owns 376,280 shares of the company’s stock, valued at approximately $9,802,094. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CCS. Shoals Capital Management LP bought a new position in Century Communities in the 4th quarter valued at $24,941,000. Q Global Advisors LLC bought a new position in shares of Century Communities during the 4th quarter worth $10,517,000. Deutsche Bank AG grew its position in shares of Century Communities by 305.8% during the 4th quarter. Deutsche Bank AG now owns 295,577 shares of the construction company’s stock worth $5,100,000 after buying an additional 222,730 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC grew its position in shares of Century Communities by 55.2% during the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 565,991 shares of the construction company’s stock worth $9,769,000 after buying an additional 201,337 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its position 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 in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Shares of CCS traded up $0.39 during mid-day trading on Tuesday, hitting $27.65. 199,200 shares of the stock were exchanged, compared to its average volume of 459,801. The stock has a market cap of $833.43 million, a P/E ratio of 7.02 and a beta of 1.31. Century Communities has a 52-week low of $16.35 and a 52-week high of $33.80. The stock has a 50-day simple moving average of $26.97. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.19. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. The business had revenue of $472.60 million for the quarter, compared to analysts’ expectations of $448.81 million. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts predict that Century Communities will post 3.85 EPS for the current fiscal year.

About Century Communities

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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Analyst Recommendations for Century Communities (NYSE:CCS)

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