Century Casinos (CNTY) Lowered to “Hold” at Zacks Investment Research

Century Casinos (NASDAQ:CNTY) was downgraded by Zacks Investment Research from a “strong-buy” 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. “

Separately, Roth Capital initiated coverage on shares of Century Casinos in a report on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price target for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $9.77.

Shares of Century Casinos (CNTY) traded down $0.37 during trading on Friday, hitting $8.68. 407,107 shares of the company were exchanged, compared to its average volume of 87,390. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $214.62, a price-to-earnings ratio of 15.00 and a beta of -0.22. Century Casinos has a fifty-two week low of $6.28 and a fifty-two week high of $9.50.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.21. The business had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. equities analysts anticipate that Century Casinos will post 0.38 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of CNTY. Goldman Sachs Group Inc. grew its holdings in Century Casinos by 34.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,821 shares of the company’s stock worth $157,000 after acquiring an additional 5,304 shares during the period. Eagle Global Advisors LLC acquired a new stake in Century Casinos during the 2nd quarter worth $168,000. The Manufacturers Life Insurance Company grew its holdings in Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after acquiring an additional 4,044 shares during the period. Hancock Holding Co. acquired a new stake in Century Casinos during the 2nd quarter worth $171,000. Finally, Rhumbline Advisers grew its holdings in Century Casinos by 39.5% during the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after acquiring an additional 6,625 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

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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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