Century Casinos, Inc. (CNTY) Given Consensus Rating of “Hold” by Brokerages

Century Casinos, Inc. (NASDAQ:CNTY) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.10.

A number of research analysts recently commented on CNTY shares. Stifel Nicolaus started coverage on Century Casinos in a research note on Wednesday, January 10th. They set a “buy” rating and a $13.00 price objective for the company. BidaskClub downgraded Century Casinos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. Finally, Zacks Investment Research downgraded Century Casinos from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 1st.

Institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in Century Casinos by 10.8% during the 2nd quarter. Teachers Advisors LLC now owns 37,554 shares of the company’s stock worth $277,000 after acquiring an additional 3,668 shares during the period. Northern Trust Corp boosted its position in Century Casinos by 1.8% during the 2nd quarter. Northern Trust Corp now owns 228,948 shares of the company’s stock worth $1,687,000 after acquiring an additional 4,022 shares during the period. The Manufacturers Life Insurance Company boosted its position 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. Rhumbline Advisers boosted its position 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. Finally, Bessemer Group Inc. boosted its position in Century Casinos by 17.1% during the 3rd quarter. Bessemer Group Inc. now owns 48,700 shares of the company’s stock worth $400,000 after acquiring an additional 7,100 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Century Casinos (NASDAQ CNTY) opened at $8.39 on Thursday. The company has a market capitalization of $240.98, a price-to-earnings ratio of 14.47 and a beta of -0.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 1.75. Century Casinos has a 52 week low of $6.28 and a 52 week high of $9.85.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.21. The firm had revenue of $41.05 million during the quarter, compared to the consensus estimate of $39.10 million. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. analysts anticipate that Century Casinos will post 0.54 earnings per share for the current year.

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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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