Century Communities (NYSE:CCS) Now Covered by Citizens Jmp

Analysts at Citizens Jmp initiated coverage on shares of Century Communities (NYSE:CCS) in a research note issued on Wednesday,Benzinga reports. The brokerage set a “market outperform” rating and a $92.00 price target on the construction company’s stock. Citizens Jmp’s price target would suggest a potential upside of 38.58% from the company’s previous close.

Several other analysts have also recently issued reports on CCS. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citigroup started coverage on shares of Century Communities in a report on Wednesday. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.50.

Century Communities Stock Down 2.2%

NYSE:CCS opened at $66.39 on Wednesday. The firm has a 50-day simple moving average of $61.97 and a two-hundred day simple moving average of $62.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $81.10. The firm has a market cap of $1.95 billion, a P/E ratio of 9.69 and a beta of 1.56.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The business’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. Analysts predict that Century Communities will post 11.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently bought and sold shares of CCS. Penserra Capital Management LLC raised its holdings in shares of Century Communities by 34.9% during the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after buying an additional 282,133 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Century Communities in the 2nd quarter valued at about $582,000. Creative Planning grew its holdings in Century Communities by 117.2% during the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock worth $2,134,000 after acquiring an additional 20,447 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Century Communities by 179.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 134,441 shares of the construction company’s stock valued at $8,619,000 after acquiring an additional 86,341 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.