Century Communities Target of Unusually Large Options Trading (CCS)
Century Communities, Inc (NYSE:CCS) saw some unusual options trading activity on Tuesday. Investors purchased 1,104 call options on the stock. This is an increase of 1,652% compared to the typical volume of 63 call options.
Shares of Century Communities (NYSE:CCS) opened at $29.55 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 12-month low of $20.30 and a 12-month high of $31.90. The firm has a market cap of $817.54, a price-to-earnings ratio of 11.80 and a beta of 1.17.
Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 51.1% on a year-over-year basis. analysts anticipate that Century Communities will post 2.12 earnings per share for the current year.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. FBR & Co reissued a “buy” rating and set a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, J P Morgan Chase & Co raised shares of Century Communities from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.50.
A number of institutional investors have recently made changes to their positions in CCS. Boston Partners boosted its position in Century Communities by 107.5% during the 3rd quarter. Boston Partners now owns 705,530 shares of the construction company’s stock worth $17,427,000 after purchasing an additional 365,540 shares during the period. Dimensional Fund Advisors LP boosted its position in Century Communities by 32.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after purchasing an additional 285,856 shares during the period. Alpine Woods Capital Investors LLC purchased a new stake in Century Communities during the 3rd quarter worth $3,705,000. Peregrine Capital Management LLC boosted its position in Century Communities by 26.9% during the 3rd quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after purchasing an additional 102,878 shares during the period. Finally, Lyon Street Capital LLC boosted its position in Century Communities by 110.9% during the 3rd quarter. Lyon Street Capital LLC now owns 149,670 shares of the construction company’s stock worth $3,697,000 after purchasing an additional 78,711 shares during the period. 66.49% of the stock is owned by hedge funds and other institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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