Shares of Century Communities Inc (NYSE:CCS) have been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.38.
A number of analysts recently issued reports on the stock. Wedbush increased their target price on shares of Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet cut Century Communities from a “b-” rating to a “c” rating in a research note on Friday, May 17th. Finally, ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th.
Century Communities stock opened at $25.94 on Friday. Century Communities has a 52 week low of $16.35 and a 52 week high of $31.35. The stock has a 50-day simple moving average of $26.76. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.99. The stock has a market cap of $827.93 million, a price-to-earnings ratio of 6.58 and a beta of 1.27.
In other Century Communities news, insider John Scott Dixon sold 8,747 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 100,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $26.05, for a total value of $2,605,000.00. Following the completion of the sale, the chief executive officer now directly owns 376,280 shares in the company, valued at $9,802,094. The disclosure for this sale can be found here. Company insiders own 14.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CCS. Deutsche Bank AG lifted its holdings in shares of Century Communities by 305.8% during the 4th quarter. Deutsche Bank AG now owns 295,577 shares of the construction company’s stock valued at $5,100,000 after buying an additional 222,730 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in Century Communities by 16.6% in the first quarter. Frontier Capital Management Co. LLC now owns 1,084,160 shares of the construction company’s stock valued at $25,987,000 after purchasing an additional 154,238 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Century Communities in the first quarter valued at about $3,300,000. Royce & Associates LP bought a new stake in Century Communities in the first quarter valued at about $2,110,000. Finally, IndexIQ Advisors LLC bought a new stake in Century Communities in the first quarter valued at about $1,542,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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