Shares of Century Casinos, Inc. (NASDAQ:CNTY) hit a new 52-week high on Monday following a stronger than expected earnings report. The stock traded as high as $8.94 and last traded at $8.91, with a volume of 46955 shares. The stock had previously closed at $8.62.
The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.21. The business 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 10.00% and a net margin of 9.53%.
A number of equities research analysts have recently commented on CNTY shares. Zacks Investment Research downgraded Century Casinos from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Roth Capital started coverage on Century Casinos in a research report on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.15.
A number of hedge funds have recently bought and sold shares of the business. Stifel Financial Corp grew its position in Century Casinos by 4.2% during the first quarter. Stifel Financial Corp now owns 13,836 shares of the company’s stock valued at $105,000 after acquiring an additional 553 shares during the period. TIAA CREF Investment Management LLC grew its position in Century Casinos by 1.3% during the first quarter. TIAA CREF Investment Management LLC now owns 69,500 shares of the company’s stock valued at $525,000 after acquiring an additional 912 shares during the period. Bank of New York Mellon Corp grew its position in Century Casinos by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 277,346 shares of the company’s stock valued at $2,097,000 after acquiring an additional 988 shares during the period. Prudential Financial Inc. grew its position in Century Casinos by 4.7% during the second quarter. Prudential Financial Inc. now owns 75,280 shares of the company’s stock valued at $554,000 after acquiring an additional 3,400 shares during the period. Finally, Teachers Advisors LLC grew its position in Century Casinos by 10.8% during the second quarter. Teachers Advisors LLC now owns 37,554 shares of the company’s stock valued at $277,000 after acquiring an additional 3,668 shares during the period. 73.82% of the stock is owned by hedge funds and other institutional investors.
The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 1.79. The stock has a market capitalization of $219.27, a PE ratio of 15.45 and a beta of -0.22.
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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