BidaskClub Downgrades Century Communities, Inc. (NYSE:CCS) to Hold

Century Communities, Inc. (NYSE:CCS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, August 8th.

A number of other research firms also recently issued reports on CCS. Zacks Investment Research downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. FBR & Co reissued an “outperform” rating and set a $27.00 target price on shares of Century Communities in a research report on Monday, April 17th. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.25.

Shares of Century Communities (CCS) traded down 3.46% during mid-day trading on Tuesday, reaching $22.30. 342,655 shares of the company’s stock were exchanged. The company has a market cap of $501.73 million, a PE ratio of 9.37 and a beta of 1.02. Century Communities has a 52-week low of $18.45 and a 52-week high of $28.05. The company’s 50-day moving average price is $25.02 and its 200 day moving average price is $24.99.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.01. Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The firm had revenue of $287.60 million during the quarter, compared to the consensus estimate of $305.38 million. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Century Communities will post $2.25 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Century Communities during the second quarter valued at approximately $387,000. California State Teachers Retirement System increased its position in shares of Century Communities by 2.3% in the second quarter. California State Teachers Retirement System now owns 30,670 shares of the construction company’s stock valued at $761,000 after buying an additional 700 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Century Communities by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,874 shares of the construction company’s stock valued at $344,000 after buying an additional 1,382 shares during the period. State Street Corp boosted its stake in shares of Century Communities by 15.4% in the second quarter. State Street Corp now owns 346,783 shares of the construction company’s stock valued at $8,596,000 after buying an additional 46,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Century Communities by 31.5% in the second quarter. Goldman Sachs Group Inc. now owns 27,435 shares of the construction company’s stock worth $680,000 after buying an additional 6,566 shares during the period. 53.55% of the stock is currently owned by institutional investors.

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