Century Communities (CCS) Trading 5.3% Higher

Century Communities Inc (NYSE:CCS) shares traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $21.93 and last traded at $21.75. 623,250 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 314,903 shares. The stock had previously closed at $20.66.

A number of equities analysts have issued reports on CCS shares. JPMorgan Chase & Co. cut shares of Century Communities from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $38.50 to $31.50 in a research note on Friday, September 21st. ValuEngine cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.90.

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $624.97 million, a P/E ratio of 7.76 and a beta of 0.99.



Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, September 5th. The construction company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.22. Century Communities had a return on equity of 14.40% and a net margin of 4.36%. Equities research analysts predict that Century Communities Inc will post 4.49 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in Century Communities by 2.8% during the second quarter. Victory Capital Management Inc. now owns 65,659 shares of the construction company’s stock valued at $2,072,000 after purchasing an additional 1,792 shares during the period. MetLife Investment Advisors LLC grew its holdings 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 purchasing an additional 2,025 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Century Communities by 36.3% during the second 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. B. Riley Financial Inc. grew its holdings in shares of Century Communities by 34.6% in the 2nd quarter. B. Riley Financial Inc. now owns 12,912 shares of the construction company’s stock valued at $407,000 after buying an additional 3,320 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Century Communities by 18.6% in the 2nd quarter. First Trust Advisors LP now owns 27,191 shares of the construction company’s stock valued at $858,000 after buying an additional 4,255 shares during the period. Institutional investors own 81.00% of the company’s stock.

Century Communities Company Profile (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.

Further Reading: What is an Initial Public Offering (IPO)?

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