Century Communities (NYSE:CCS) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Century Communities has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, affecting investor sentiment.
• The company reported $1.37 EPS for the last quarter, exceeding expectations, but revenue decreased by 1.7% year-over-year.
• Institutional investors own 99.54% of Century Communities' stock, indicating strong backing from financial institutions.

Century Communities (NYSE:CCS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

A number of other brokerages also recently issued reports on CCS. B. Riley assumed coverage on Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Wedbush lowered their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $85.00.

Century Communities Stock Performance

Shares of CCS traded up $0.44 during trading hours on Friday, hitting $61.10. The stock had a trading volume of 75,626 shares, compared to its average volume of 440,518. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a 50-day moving average price of $56.90 and a 200 day moving average price of $62.52. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 7.46 and a beta of 1.41.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $910.70 million. During the same period in the previous year, the firm posted $2.65 EPS. Century Communities's revenue was down 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Century Communities will post 11.07 EPS for the current year.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez purchased 500 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average price of $54.68 per share, with a total value of $27,340.00. Following the completion of the purchase, the director directly owned 8,981 shares in the company, valued at approximately $491,081.08. This trade represents a 5.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 12.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Century Communities

Several large investors have recently modified their holdings of the business. Bryce Point Capital LLC acquired a new position in Century Communities during the 2nd quarter worth $1,011,000. Bank of New York Mellon Corp lifted its position in shares of Century Communities by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 291,971 shares of the construction company's stock worth $16,444,000 after purchasing an additional 5,492 shares during the last quarter. Verity Asset Management Inc. bought a new stake in Century Communities in the second quarter valued at about $230,000. Sigma Planning Corp increased its holdings in Century Communities by 34.5% in the second quarter. Sigma Planning Corp now owns 6,625 shares of the construction company's stock valued at $373,000 after buying an additional 1,700 shares during the last quarter. Finally, Pier Capital LLC acquired a new stake in Century Communities during the second quarter valued at approximately $5,509,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.