Century Casinos, Inc. (CNTY) Coverage Initiated by Analysts at Roth Capital
Roth Capital initiated coverage on shares of Century Casinos, Inc. (NASDAQ:CNTY) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $11.00 price target on the stock. Roth Capital’s target price suggests a potential upside of 55.59% from the stock’s previous close.
CNTY has been the subject of several other research reports. Zacks Investment Research cut shares of Century Casinos from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Stephens began coverage on shares of Century Casinos in a research report on Tuesday, June 6th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Century Casinos presently has a consensus rating of “Hold” and an average price target of $9.68.
Shares of Century Casinos (CNTY) traded up 4.59% during mid-day trading on Wednesday, reaching $7.07. 134,250 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $6.84 and a 200 day moving average price of $7.49. Century Casinos has a 12-month low of $6.00 and a 12-month high of $8.89. The firm has a market capitalization of $172.99 million, a price-to-earnings ratio of 20.20 and a beta of -0.31.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, August 7th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The company had revenue of $37.33 million during the quarter, compared to the consensus estimate of $38.10 million. Century Casinos had a return on equity of 6.07% and a net margin of 5.98%. Analysts anticipate that Century Casinos will post $0.35 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Martingale Asset Management L P acquired a new position in Century Casinos during the 2nd quarter valued at approximately $1,026,000. Signia Capital Management LLC increased its stake in Century Casinos by 38.8% during the 1st quarter. Signia Capital Management LLC now owns 216,246 shares of the company’s stock valued at $1,635,000 after purchasing an additional 60,415 shares in the last quarter. Renaissance Technologies LLC increased its stake in Century Casinos by 8.0% during the 1st quarter. Renaissance Technologies LLC now owns 658,200 shares of the company’s stock valued at $4,976,000 after purchasing an additional 48,800 shares in the last quarter. Bessemer Group Inc. acquired a new position in Century Casinos during the 2nd quarter valued at approximately $307,000. Finally, Thrivent Financial For Lutherans acquired a new position in Century Casinos during the 2nd quarter valued at approximately $288,000. 73.59% of the stock is owned by institutional investors.
Century Casinos Company Profile
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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