Zacks Investment Research cut shares of Century Casinos, Inc. (NASDAQ:CNTY) from a hold rating to a sell rating in a research note released on Thursday.
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. “
Other research analysts also recently issued reports about the company. TheStreet raised Century Casinos from a c+ rating to a b rating in a research note on Wednesday, April 26th. Stephens began coverage on Century Casinos in a research note on Tuesday, June 6th. They issued an equal weight rating for the company.
Century Casinos (NASDAQ CNTY) traded up 4.21% during trading on Thursday, reaching $6.93. The company had a trading volume of 57,460 shares. The firm has a market capitalization of $169.56 million, a PE ratio of 19.80 and a beta of -0.34. Century Casinos has a 12-month low of $6.00 and a 12-month high of $8.89. The firm’s 50 day moving average price is $7.28 and its 200 day moving average price is $7.49.
Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.03. Century Casinos had a return on equity of 6.07% and a net margin of 5.98%. The firm had revenue of $37.33 million for the quarter, compared to analyst estimates of $38.10 million. Analysts anticipate that Century Casinos will post $0.35 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its stake in shares of Century Casinos by 4.2% in the first quarter. Stifel Financial Corp now owns 13,836 shares of the company’s stock worth $105,000 after buying an additional 553 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Century Casinos by 37.9% in the fourth quarter. Guggenheim Capital LLC now owns 16,547 shares of the company’s stock worth $137,000 after buying an additional 4,547 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Century Casinos by 4.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,575 shares of the company’s stock worth $140,000 after buying an additional 725 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Century Casinos by 34.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,821 shares of the company’s stock worth $157,000 after buying an additional 5,304 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Century Casinos during the first quarter worth approximately $162,000. 72.95% of the stock is owned by hedge funds and other institutional investors.
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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