Century Casinos, Inc. (CNTY) Downgraded by Zacks Investment Research to “Sell”
Century Casinos, Inc. (NASDAQ:CNTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report 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. “
CNTY has been the subject of a number of other research reports. TheStreet upgraded Century Casinos from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. 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 down 2.35% during midday trading on Thursday, hitting $6.65. The stock had a trading volume of 140,407 shares. The company has a market capitalization of $162.71 million, a PE ratio of 19.00 and a beta of -0.34. The company’s 50-day moving average price is $7.28 and its 200 day moving average price is $7.49. Century Casinos has a 52 week low of $6.00 and a 52 week high of $8.89.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, August 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.03. Century Casinos had a net margin of 5.98% and a return on equity of 6.07%. The firm had revenue of $37.33 million during the quarter, compared to the consensus estimate of $38.10 million. On average, analysts expect that Century Casinos will post $0.35 EPS for the current year.
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Several institutional investors have recently made changes to their positions in CNTY. Stifel Financial Corp increased its position 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 position 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 position 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 position 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 purchased a new position in Century Casinos during the first quarter valued at approximately $162,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.
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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