Century Communities Inc (NYSE:CCS) shares reached a new 52-week low on Thursday . The stock traded as low as $22.83 and last traded at $23.10, with a volume of 25799 shares traded. The stock had previously closed at $23.23.
Several research analysts have weighed in on CCS shares. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, August 13th. Zelman & Associates started coverage on shares of Century Communities in a research report on Wednesday, June 20th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. downgraded shares of Century Communities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $38.50 to $31.50 in a research report on Friday, September 21st. Finally, ValuEngine downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.90.
The stock has a market cap of $790.63 million, a P/E ratio of 7.99 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.97.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, September 5th. The construction company reported $1.10 EPS 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%. As a group, equities analysts forecast that Century Communities Inc will post 4.49 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Century Communities during the 2nd quarter valued at $151,000. Bank of Montreal Can raised its position in shares of Century Communities by 8,812.7% during the 2nd quarter. Bank of Montreal Can now owns 5,615 shares of the construction company’s stock valued at $177,000 after purchasing an additional 5,552 shares during the period. United Services Automobile Association bought a new stake in shares of Century Communities during the 2nd quarter valued at $270,000. Metropolitan Life Insurance Co. NY raised its position in shares of Century Communities by 36.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock valued at $270,000 after purchasing an additional 2,279 shares during the period. Finally, MetLife Investment Advisors LLC grew 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 acquiring an additional 2,025 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.
About Century Communities (NYSE:CCS)
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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