Century Casinos (CNTY) Stock Rating Lowered by BidaskClub

Century Casinos (NASDAQ:CNTY) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other brokerages also recently weighed in on CNTY. Zacks Investment Research downgraded Century Casinos from a “strong-buy” rating to a “hold” rating in a report on Friday, December 1st. Roth Capital started coverage on Century Casinos in a report on Wednesday, September 20th. They set a “buy” rating and a $11.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Century Casinos presently has a consensus rating of “Hold” and an average price target of $9.77.

Shares of Century Casinos (NASDAQ:CNTY) traded down $0.11 during midday trading on Friday, reaching $9.05. The company’s stock had a trading volume of 74,039 shares, compared to its average volume of 153,381. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. Century Casinos has a 12 month low of $6.28 and a 12 month high of $9.85. The stock has a market cap of $263.10, a P/E ratio of 15.60 and a beta of -0.20.

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, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.21. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. The company had revenue of $41.05 million for the quarter, compared to the consensus estimate of $39.10 million. analysts anticipate that Century Casinos will post 0.36 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Holding Co. purchased a new position in shares of Century Casinos in the 2nd quarter valued at about $171,000. The Manufacturers Life Insurance Company increased its holdings in shares of Century Casinos by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock valued at $171,000 after acquiring an additional 4,044 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Century Casinos by 39.5% in the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock valued at $173,000 after acquiring an additional 6,625 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of Century Casinos in the 2nd quarter valued at about $203,000. Finally, PDT Partners LLC purchased a new position in shares of Century Casinos in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

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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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