Wedbush Reiterates Underperform Rating for Century Communities (NYSE:CCS)

Century Communities (NYSE:CCS)‘s stock had its “underperform” rating reaffirmed by analysts at Wedbush in a report issued on Thursday, Benzinga reports. They currently have a $82.00 target price on the construction company’s stock. Wedbush’s price objective suggests a potential downside of 0.17% from the stock’s current price.

Separately, B. Riley raised their target price on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 1st.

Century Communities Price Performance

Shares of CCS opened at $82.14 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 10.20 and a beta of 1.71. Century Communities has a 52 week low of $58.01 and a 52 week high of $97.92. The stock has a 50 day moving average of $86.75 and a 200-day moving average of $80.93.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.67. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. The firm had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. As a group, analysts forecast that Century Communities will post 10.06 EPS 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 CCS. Louisiana State Employees Retirement System bought a new stake in shares of Century Communities during the fourth quarter valued at about $1,285,000. American Century Companies Inc. boosted its holdings in shares of Century Communities by 33.1% in the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock valued at $26,332,000 after acquiring an additional 97,953 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Century Communities by 19.4% during the third quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock valued at $4,952,000 after acquiring an additional 12,024 shares during the period. Assenagon Asset Management S.A. bought a new stake in Century Communities during the fourth quarter worth approximately $1,051,000. Finally, Qube Research & Technologies Ltd lifted its position in Century Communities by 283.4% in the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 23,742 shares during the period. 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.