Century Communities Inc (NYSE:CCS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $33.50 and last traded at $33.37, with a volume of 4780 shares. The stock had previously closed at $32.73.
CCS has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $30.50 to $32.50 in a report on Wednesday, September 11th. B. Riley upped their target price on shares of Century Communities from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, September 13th. TheStreet upgraded shares of Century Communities from a “c” rating to a “b-” rating in a report on Monday, August 12th. Zacks Investment Research cut shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, ValuEngine cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.10.
The firm’s fifty day moving average price is $30.15 and its 200-day moving average price is $27.70. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. The firm has a market cap of $999.30 million, a price-to-earnings ratio of 8.42 and a beta of 1.22.
In related news, CEO Robert J. Francescon sold 75,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.77, for a total transaction of $2,082,750.00. Following the completion of the sale, the chief executive officer now owns 326,280 shares in the company, valued at approximately $9,060,795.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Scott Dixon sold 8,747 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total transaction of $238,093.34. The disclosure for this sale can be found here. Corporate insiders own 14.20% of the company’s stock.
A number of large investors have recently modified their holdings of CCS. Clearbridge Investments LLC acquired a new stake in Century Communities during the 1st quarter worth $25,000. Bank of Montreal Can raised its position in Century Communities by 1,419.2% during the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after buying an additional 2,143 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Century Communities during the 2nd quarter worth $152,000. State of Alaska Department of Revenue purchased a new position in Century Communities during the 2nd quarter worth $249,000. Finally, Louisiana State Employees Retirement System purchased a new position in Century Communities during the 2nd quarter worth $283,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.
Century Communities Company Profile (NYSE:CCS)
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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