Century Communities (NYSE:CCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “

Several other brokerages have also recently weighed in on CCS. Wedbush cut shares of Century Communities from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $24.00 in a research report on Friday, February 8th. TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. ValuEngine raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Century Communities presently has an average rating of “Hold” and a consensus price target of $31.70.

CCS stock opened at $25.17 on Monday. The firm has a market cap of $743.79 million, a P/E ratio of 6.39 and a beta of 1.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.37 and a current ratio of 0.37. Century Communities has a 52 week low of $16.35 and a 52 week high of $35.50.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, February 7th. The construction company reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.01). The firm had revenue of $640.19 million for the quarter, compared to analysts’ expectations of $642.07 million. Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. Research analysts expect that Century Communities will post 3.24 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in Century Communities by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock valued at $241,000 after buying an additional 544 shares during the period. Legal & General Group Plc lifted its position in shares of Century Communities by 21.7% in the 4th quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock worth $86,000 after purchasing an additional 882 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Century Communities by 176.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,228 shares during the period. Shoals Capital Management LP purchased a new stake in shares of Century Communities in the 4th quarter worth about $25,000. Finally, B. Riley Financial Inc. lifted its position in shares of Century Communities by 9.4% in the 4th quarter. B. Riley Financial Inc. now owns 25,503 shares of the construction company’s stock worth $440,000 after purchasing an additional 2,199 shares during the period. 90.09% of the stock is owned by institutional investors and hedge funds.

About Century Communities

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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