Century Casinos, Inc. (NASDAQ:CNTY) Rating Increased to Hold at Zacks Investment Research
Century Casinos, Inc. (NASDAQ:CNTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
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. “
CNTY has been the subject of several other research reports. TheStreet raised Century Casinos from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Aegis assumed coverage on Century Casinos in a research note on Friday, March 10th. They set a “buy” rating and a $9.30 target price for the company. Finally, Stephens assumed coverage on Century Casinos in a research note on Tuesday, June 6th. They set an “equal weight” rating for the company.
Century Casinos (NASDAQ CNTY) traded up 0.67% during trading on Friday, hitting $7.53. The stock had a trading volume of 51,332 shares. The company has a market cap of $184.19 million, a price-to-earnings ratio of 20.35 and a beta of -0.33. The company has a 50-day moving average of $7.80 and a 200 day moving average of $7.57. Century Casinos has a 52 week low of $5.85 and a 52 week high of $8.89.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Friday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.05. The company had revenue of $36.40 million during the quarter, compared to analyst estimates of $36 million. Century Casinos had a net margin of 6.39% and a return on equity of 6.67%. On average, equities research analysts anticipate that Century Casinos will post $0.37 EPS for the current year.
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A number of large investors have recently made changes to their positions in CNTY. Stifel Financial Corp boosted 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 period. Guggenheim Capital LLC boosted 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 period. Cambridge Investment Research Advisors Inc. boosted 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 period. Goldman Sachs Group Inc. boosted 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 period. Finally, SG Americas Securities LLC purchased a new stake in shares of Century Casinos during the first quarter worth approximately $162,000. 73.29% 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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