Investment analysts at Wedbush initiated coverage on shares of Century Communities Inc. (NYSE:CCS) in a report issued on Monday. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 52.98% from the stock’s previous close.

Several other research firms have also commented on CCS. Citigroup Inc. began coverage on shares of Century Communities in a report on Thursday, September 1st. They issued a “buy” rating and a $23.00 price target for the company. FBR & Co reaffirmed a “buy” rating and issued a $24.00 price target on shares of Century Communities in a report on Friday, June 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.25.

Century Communities (NYSE:CCS) opened at 19.61 on Monday. The stock has a market capitalization of $405.36 million, a PE ratio of 9.29 and a beta of 1.01. The stock’s 50 day moving average is $19.80 and its 200-day moving average is $18.03. Century Communities has a 52 week low of $13.11 and a 52 week high of $21.58.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. The business earned $257.20 million during the quarter, compared to analyst estimates of $216.29 million. During the same period in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Equities research analysts forecast that Century Communities will post $2.47 EPS for the current year.

In other Century Communities news, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $19.99, for a total transaction of $1,424,287.50. Following the completion of the transaction, the insider now directly owns 435,504 shares of the company’s stock, valued at approximately $8,705,724.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dale Francescon sold 61,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $20.00, for a total transaction of $1,230,000.00. Following the transaction, the insider now directly owns 435,504 shares of the company’s stock, valued at $8,710,080. The disclosure for this sale can be found here. Company insiders own 28.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCS. Walleye Trading LLC purchased a new position in Century Communities during the second quarter worth about $128,000. Paradigm Asset Management Co. LLC raised its position in Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock worth $130,000 after buying an additional 500 shares during the last quarter. Scout Investments Inc. purchased a new position in Century Communities during the second quarter worth about $190,000. Spark Investment Management LLC purchased a new position in Century Communities during the first quarter worth about $204,000. Finally, BlackRock Inc. raised its position in Century Communities by 1,332.3% in the second quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock worth $237,000 after buying an additional 12,697 shares during the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

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