Century Communities (NYSE:CCS) Given Underperform Rating at Wedbush

Century Communities (NYSE:CCSGet Free Report)‘s stock had its “underperform” rating reiterated by investment analysts at Wedbush in a report released on Tuesday, Marketbeat.com reports. They currently have a $82.00 price target on the construction company’s stock, down from their prior price target of $92.00. Wedbush’s target price would indicate a potential downside of 8.42% from the stock’s current price.

Separately, B. Riley boosted their price objective on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

Read Our Latest Report on Century Communities

Century Communities Stock Up 0.7 %

CCS stock opened at $89.54 on Tuesday. Century Communities has a twelve month low of $58.01 and a twelve month high of $97.92. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 11.12 and a beta of 1.71. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $88.32 and a two-hundred day moving average price of $79.13.

Century Communities (NYSE:CCSGet Free Report) last released its earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.66. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. Analysts anticipate that Century Communities will post 10.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP acquired a new position in Century Communities in the 1st quarter valued at $32,942,000. Victory Capital Management Inc. raised its stake in Century Communities by 340.6% in the 4th quarter. Victory Capital Management Inc. now owns 363,829 shares of the construction company’s stock worth $18,195,000 after purchasing an additional 281,249 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Century Communities in the 1st quarter valued at about $13,789,000. Pacer Advisors Inc. grew its position in shares of Century Communities by 21.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Century Communities by 17.3% during the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after purchasing an additional 164,478 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

About Century Communities

(Get Free Report)

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.

See Also

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.