ValuEngine lowered shares of Century Casinos (NASDAQ:CNTY) from a buy rating to a hold rating in a report issued on Wednesday, May 2nd.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus initiated coverage on Century Casinos in a report on Wednesday, January 10th. They set a buy rating and a $13.00 price objective on the stock. TheStreet downgraded Century Casinos from a b rating to a c+ rating in a report on Friday, April 6th. Zacks Investment Research upgraded Century Casinos from a sell rating to a hold rating in a report on Tuesday, January 30th. Finally, BidaskClub downgraded Century Casinos from a buy rating to a hold rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Century Casinos has an average rating of Hold and a consensus target price of $11.00.
Century Casinos stock traded down $0.04 during midday trading on Wednesday, hitting $8.38. 51,200 shares of the company were exchanged, compared to its average volume of 114,048. The firm has a market capitalization of $250.76 million, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.94 and a beta of 0.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.22 and a current ratio of 2.25. Century Casinos has a fifty-two week low of $8.45 and a fifty-two week high of $8.45.
Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Century Casinos had a return on equity of 6.15% and a net margin of 3.17%. The company had revenue of $40.62 million for the quarter, compared to analyst estimates of $38.15 million. analysts forecast that Century Casinos will post 0.37 earnings per share for the current fiscal year.
In other Century Casinos news, Chairman Erwin Et Al Haitzmann sold 100,000 shares of Century Casinos stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $8.50, for a total transaction of $850,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 14.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Century Casinos in the 4th quarter valued at approximately $100,000. Engineers Gate Manager LP bought a new stake in shares of Century Casinos in the 1st quarter valued at approximately $106,000. Connors Investor Services Inc. bought a new stake in shares of Century Casinos in the 1st quarter valued at approximately $149,000. Strs Ohio bought a new stake in shares of Century Casinos in the 4th quarter valued at approximately $151,000. Finally, Stifel Financial Corp increased its holdings in shares of Century Casinos by 88.7% in the 1st quarter. Stifel Financial Corp now owns 24,876 shares of the company’s stock valued at $187,000 after acquiring an additional 11,690 shares during the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.
About Century Casinos
Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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