BidaskClub Downgrades Century Casinos (CNTY) to Hold
BidaskClub cut shares of Century Casinos (NASDAQ:CNTY) from a buy rating to a hold rating in a report issued on Friday.
CNTY has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Century Casinos from a hold rating to a strong-buy rating and set a $9.00 price objective for the company in a research note on Monday, November 20th. Roth Capital initiated coverage on shares of Century Casinos in a research note on Wednesday, September 20th. They set a buy rating and a $11.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Century Casinos currently has a consensus rating of Hold and a consensus price target of $9.77.
Shares of Century Casinos (CNTY) traded down $0.08 during trading on Friday, hitting $9.19. 11,749 shares of the company traded hands, compared to its average volume of 133,940. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 1.75. The company has a market cap of $224.66, a price-to-earnings ratio of 15.57 and a beta of -0.20. 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 results on Monday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.21. The company had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. equities analysts anticipate that Century Casinos will post 0.36 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in CNTY. Hancock Holding Co. purchased a new stake in shares of Century Casinos during the 2nd quarter valued at about $171,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Century Casinos by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after buying an additional 4,044 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Century Casinos by 39.5% in the second quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after buying an additional 6,625 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of Century Casinos in the second quarter worth approximately $203,000. Finally, PDT Partners LLC purchased a new position in shares of Century Casinos in the second quarter worth approximately $206,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.
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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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