Shares are trading at $26.75 which is a tad above $24.70, the stock’s 50 day moving average and which is just over the 200 day moving average of $25.11. The 50 day moving average was up $2.05 whereas the 200 day moving average was up $1.64 or +6.55%. (NYSE:CCS) shares saw light trading volume with 2,652 shares changing hands on Tuesday. Overall, volume was down 95.77% under the stocks normal daily volume.
Traders are more bearish on shares of Century Communities, Inc. of late if you look at the change in short interest. The stock experienced a rise in short interest of 6.24% as of the latest report on September 29, 2017. Short interest grew from 578,711 to 614,820 over that period. The days to cover decreased to 3.0 and the percentage of shorted shares was 0.03% on September 29.
The following firms have recently changed their position in CCS. Cutler Group LP added to its ownership by buying 113 shares an increase of 56.5% as of 09/30/2017. Cutler Group LP currently owns 313 shares valued at $7,000. The total value of its holdings increased inf%. As of the end of the quarter Denali Advisors LLC had bought 18 shares growing its holdings by 7.6%. The value of the investment in Century Communities, Inc. went from $6,000 to $6,000 decreasing 0.0% quarter to quarter.
Sit Investment Associates Inc trimmed its stake by selling 1,450 shares a decrease of 4.2%. Sit Investment Associates Inc now holds 33,250 shares worth $821,000. The value of the position overall is down by 4.6%. Skylands Capital, LLC expanded its position by buying 13,700 shares an increase of 10.6% in the quarter. Skylands Capital, LLC controls 142,800 shares with a value of $3,527,000. The total value of its holdings increased 10.1%.
JP Morgan raised the price target and upgraded the stock on September 14 changing the price objective from $20.50 to $32.00 and raising the rating from “Neutral” to “Overweight”. On September 14 the stock rating was upgraded from “Neutral” to “Overweight” and a price target of $32.00 was set in an announcement from JP Morgan.
The P/E ratio is 11.23 and market cap is 601.85M. In the last earnings report the EPS was $2.38 and is projected to be $2.12 for the current year with 22,499,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.63 with next year’s EPS projected to be $3.44.
Century Communities, Inc., launched on April 30, 2013, is involved in the development, design, construction, marketing and sale of single-family attached and detached homes. The Company offers attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which the Company refers to as Central Texas), Houston, Texas, Las Vegas, Nevada and Atlanta, Georgia. The Business’s homebuilding operations are organized into six segments, which include Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. In many of its projects, in addition to building homes, the Company is also responsible for the entitlement and development of the underlying land..