Wedbush Reiterates “Neutral” Rating for Century Communities (NYSE:CCS)

Century Communities (NYSE:CCS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a report issued on Thursday,RTT News reports. They currently have a $93.00 target price on the construction company’s stock, down from their prior target price of $96.00. Wedbush’s price target suggests a potential upside of 18.75% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th.

Century Communities Stock Up 5.0 %

Shares of Century Communities stock traded up $3.73 during trading hours on Thursday, reaching $78.32. 876,400 shares of the company were exchanged, compared to its average volume of 431,832. Century Communities has a 1 year low of $68.49 and a 1 year high of $108.42. The firm has a market cap of $2.45 billion, a PE ratio of 7.81 and a beta of 1.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s fifty day moving average is $79.51 and its 200 day moving average is $90.37.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. As a group, equities research analysts forecast that Century Communities will post 10.95 earnings per share for the current year.

Hedge Funds Weigh In On Century Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in shares of Century Communities in the 3rd quarter worth about $51,000. KBC Group NV lifted its holdings in Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after acquiring an additional 403 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC raised its stake in Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after acquiring an additional 161 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Century Communities during the fourth quarter worth approximately $142,000. 99.54% of the stock is owned by hedge funds and other 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.