Zacks Investment Research downgraded shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a report issued on Tuesday, March 13th.
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. “
CNTY has been the subject of a number of other reports. Stifel Nicolaus began coverage on shares of Century Casinos in a report on Wednesday, January 10th. They issued a buy rating and a $13.00 price target for the company. BidaskClub raised shares of Century Casinos from a buy rating to a strong-buy rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $11.00.
Shares of Century Casinos stock opened at $7.75 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 2.45 and a debt-to-equity ratio of 0.27. Century Casinos has a 1-year low of $6.28 and a 1-year high of $9.85. The firm has a market cap of $226.97, a price-to-earnings ratio of 16.10 and a beta of -0.06.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Friday, March 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Century Casinos had a net margin of 4.06% and a return on equity of 7.35%. The company had revenue of $39.29 million during the quarter, compared to the consensus estimate of $39.83 million. equities research analysts predict that Century Casinos will post 0.37 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of Century Casinos by 48.9% in the 4th quarter. Macquarie Group Ltd. now owns 49,789 shares of the company’s stock valued at $455,000 after buying an additional 16,343 shares in the last quarter. Millennium Management LLC increased its position in shares of Century Casinos by 345.7% during the 4th quarter. Millennium Management LLC now owns 425,787 shares of the company’s stock worth $3,887,000 after purchasing an additional 330,251 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Century Casinos during the 4th quarter worth about $1,065,000. Two Sigma Advisers LP acquired a new stake in shares of Century Casinos during the 4th quarter worth about $237,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Century Casinos by 18.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 72,812 shares of the company’s stock worth $665,000 after purchasing an additional 11,196 shares in the last quarter. Institutional investors own 76.40% of the company’s stock.
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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