Century Communities (NYSE:CCS) Earns “Neutral” Rating from Wedbush

Century Communities (NYSE:CCS)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report issued on Thursday,RTT News reports. They currently have a $93.00 target price on the construction company’s stock, down from their prior target price of $96.00. Wedbush’s target price suggests a potential upside of 18.75% from the company’s current price.

Several other research firms have also issued reports on CCS. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. B. Riley reissued a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th.

Century Communities Stock Up 5.0 %

CCS traded up $3.73 during trading on Thursday, reaching $78.32. The stock had a trading volume of 876,400 shares, compared to its average volume of 431,832. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 7.81 and a beta of 1.91. The stock’s 50 day moving average is $79.51 and its two-hundred day moving average is $90.37. Century Communities has a one year low of $68.49 and a one year high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. As a group, analysts expect that Century Communities will post 10.95 earnings per share for the current year.

Institutional Trading of Century Communities

A number of institutional investors have recently modified their holdings of CCS. Point72 Hong Kong Ltd acquired a new stake in Century Communities during the 3rd quarter worth about $51,000. KBC Group NV lifted its holdings in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after purchasing an additional 287 shares during the period. Signaturefd LLC lifted its stake in Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after acquiring an additional 161 shares during the period. Finally, R Squared Ltd acquired a new stake in Century Communities during the 4th quarter valued at approximately $142,000. 99.54% of the stock is currently owned by institutional investors.

About Century Communities

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.