Other equities analysts have also recently issued reports about the stock. Citigroup Inc. initiated coverage on shares of Century Communities in a research note on Thursday, September 1st. They issued a buy rating and a $23.00 target price for the company. FBR & Co reiterated a buy rating and issued a $24.00 target price on shares of Century Communities in a research note on Friday, June 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $23.25.
Century Communities (NYSE:CCS) opened at 20.97 on Monday. Century Communities has a 52-week low of $13.11 and a 52-week high of $21.58. The company has a market cap of $433.47 million, a price-to-earnings ratio of 9.93 and a beta of 1.01. The firm’s 50-day moving average is $19.89 and its 200 day moving average is $18.06.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. The business earned $257.20 million during the quarter, compared to analysts’ expectations of $216.29 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities research analysts predict that Century Communities will post $2.47 EPS for the current fiscal year.
In other news, insider Robert J. Francescon sold 71,250 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $19.99, for a total transaction of $1,424,287.50. Following the completion of the sale, the insider now owns 435,504 shares of the company’s stock, valued at $8,705,724.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dale Francescon sold 67,250 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total transaction of $1,345,000.00. Following the sale, the insider now directly owns 435,504 shares of the company’s stock, valued at approximately $8,710,080. The disclosure for this sale can be found here. Insiders own 28.73% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Century Communities during the second quarter worth about $3,970,000. Bank of New York Mellon Corp raised its stake in shares of Century Communities by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 75,146 shares of the company’s stock worth $1,303,000 after buying an additional 3,072 shares in the last quarter. SignalPoint Asset Management LLC raised its stake in shares of Century Communities by 6.9% in the second quarter. SignalPoint Asset Management LLC now owns 30,840 shares of the company’s stock worth $535,000 after buying an additional 1,981 shares in the last quarter. Northpointe Capital LLC purchased a new stake in shares of Century Communities during the second quarter worth about $2,719,000. Finally, Bank of Montreal Can purchased a new stake in shares of Century Communities during the second quarter worth about $1,504,000. 61.14% of the stock is owned by hedge funds and other institutional investors.
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