Century Communities (NYSE:CCS) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Century Communities has received a "Hold (C)" rating from Weiss Ratings, reflecting ongoing cautious sentiment among analysts regarding the stock's performance.
• The company reported an EPS of $1.37 for its last quarter, surpassing analysts' expectations of $1.16, although revenue declined by 1.7% year-over-year.
• Institutional investors hold 99.54% of Century Communities' stock, indicating strong backing from large financial entities amid shifting market dynamics.

Century Communities (NYSE:CCS - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the company. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. B. Riley started coverage on Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, Zacks Research upgraded shares of Century Communities from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Century Communities has a consensus rating of "Hold" and a consensus target price of $85.00.

Century Communities Stock Performance

Shares of NYSE CCS traded up $0.67 during trading hours on Wednesday, hitting $58.79. 343,967 shares of the stock were exchanged, compared to its average volume of 383,099. The firm has a market capitalization of $1.74 billion, a P/E ratio of 7.18 and a beta of 1.55. The company's 50 day moving average is $64.27 and its 200 day moving average is $60.04. Century Communities has a one year low of $50.42 and a one year high of $104.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55.

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

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its holdings in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Century Communities during the second quarter worth $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Covestor Ltd lifted its stake in Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after purchasing an additional 555 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after acquiring an additional 1,135 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Century Communities Company Profile

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.

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