Century Communities (NYSE:CCS) Lowered to Sell Rating by StockNews.com

Century Communities (NYSE:CCS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research analysts have also weighed in on CCS. B. Riley reissued a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Price Performance

CCS stock traded down $0.01 on Thursday, reaching $89.50. The company had a trading volume of 239,326 shares, compared to its average volume of 300,110. Century Communities has a 1 year low of $67.49 and a 1 year high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The company’s fifty day moving average is $97.59 and its 200 day moving average is $91.06. The company has a market cap of $2.80 billion, a P/E ratio of 8.92 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, research analysts forecast that Century Communities will post 10.88 earnings per share for the current year.

Insider Transactions at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Century Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after purchasing an additional 13,861 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Century Communities by 2.4% during the first quarter. Clearbridge Investments LLC now owns 291,475 shares of the construction company’s stock worth $28,127,000 after purchasing an additional 6,895 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other 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.