Zacks Investment Research upgraded shares of Century Casinos (NASDAQ:CNTY) from a sell rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “Century Casinos,Inc. & its subsidiaries,own & operate a limited-stakes gaming casino in Cripple Creek,Colorado & are pursuing a number of additional gaming opportunities internationally & in the U.S.The Company was formed to acquire ownership interests in,and to obtain management contracts with respect to,gaming establishments.The Company generally seeks to enter into gaming operations in areas with attractive demographic attributes,high population densities,local tourism and/or predictable traffic patterns,w/ the long-term objective of establishing geographic project diversification. “
Several other equities research analysts have also recently weighed in on CNTY. BidaskClub upgraded Century Casinos from a buy rating to a strong-buy rating in a report on Wednesday, December 20th. Stifel Nicolaus started coverage on Century Casinos in a report on Wednesday, January 10th. They issued a buy rating and a $13.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $10.58.
Shares of Century Casinos (NASDAQ CNTY) opened at $9.13 on Tuesday. Century Casinos has a 1-year low of $6.28 and a 1-year high of $9.85. The firm has a market capitalization of $223.43, a price-to-earnings ratio of 15.47 and a beta of -0.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 1.73.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.21. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. The business had revenue of $41.05 million during the quarter, compared to analysts’ expectations of $39.10 million. sell-side analysts predict that Century Casinos will post 0.54 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. lifted its stake in shares of Century Casinos by 4.7% during the 2nd quarter. Prudential Financial Inc. now owns 75,280 shares of the company’s stock worth $554,000 after purchasing an additional 3,400 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Century Casinos by 10.8% during the 2nd quarter. Teachers Advisors LLC now owns 37,554 shares of the company’s stock worth $277,000 after purchasing an additional 3,668 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Century Casinos by 1.8% during the 2nd quarter. Northern Trust Corp now owns 228,948 shares of the company’s stock worth $1,687,000 after purchasing an additional 4,022 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after purchasing an additional 4,044 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Century Casinos by 39.5% during the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after purchasing an additional 6,625 shares during the last quarter. Hedge funds and other institutional investors own 63.70% of the company’s stock.
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About Century Casinos
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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