Century Casinos Inc. (CNTY) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Century Casinos Inc. (NASDAQ:CNTY) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $7.50 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Century Casinos an industry rank of 196 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/century-casinos-inc-cnty-receives-average-rating-of-strong-buy-from-brokerages.html
Shares of Century Casinos (NASDAQ:CNTY) traded up 0.77% during midday trading on Tuesday, hitting $6.56. The stock had a trading volume of 2,823 shares. Century Casinos has a 12-month low of $5.34 and a 12-month high of $7.84. The firm has a 50-day moving average of $6.56 and a 200 day moving average of $6.24. The firm has a market cap of $160.29 million, a PE ratio of 21.16 and a beta of -0.32.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Friday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. Century Casinos had a return on equity of 5.95% and a net margin of 5.68%. The firm earned $35.20 million during the quarter, compared to analyst estimates of $36.44 million. On average, analysts expect that Century Casinos will post $0.36 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CNTY. BlackRock Fund Advisors raised its position in shares of Century Casinos by 971.1% in the second quarter. BlackRock Fund Advisors now owns 556,546 shares of the company’s stock worth $3,467,000 after buying an additional 504,585 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Century Casinos by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,238,387 shares of the company’s stock worth $13,788,000 after buying an additional 311,600 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Century Casinos by 18.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,473,750 shares of the company’s stock worth $9,181,000 after buying an additional 229,631 shares in the last quarter. State Street Corp bought a new position in shares of Century Casinos during the second quarter worth approximately $1,110,000. Finally, Royce & Associates LP raised its position in shares of Century Casinos by 20.1% in the second quarter. Royce & Associates LP now owns 816,660 shares of the company’s stock worth $5,088,000 after buying an additional 136,500 shares in the last quarter. 74.55% of the stock is currently owned by institutional investors and hedge funds.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Casinos Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos Inc. and related companies with MarketBeat.com's FREE daily email newsletter.