Zacks Investment Research Upgrades Century Casinos Inc. (CNTY) to Hold
Century Casinos Inc. (NASDAQ:CNTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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. “
Shares of Century Casinos (NASDAQ:CNTY) opened at 6.62 on Wednesday. The stock has a market capitalization of $161.75 million, a P/E ratio of 21.35 and a beta of -0.32. Century Casinos has a one year low of $5.34 and a one year high of $7.84. The firm’s 50-day moving average price is $6.54 and its 200-day moving average price is $6.20.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Friday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. The firm earned $35.20 million during the quarter, compared to analysts’ expectations of $36.44 million. Century Casinos had a return on equity of 5.95% and a net margin of 5.68%. Equities research analysts anticipate that Century Casinos will post $0.36 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC raised its position in shares of Century Casinos by 1.3% in the third quarter. Foundry Partners LLC now owns 173,380 shares of the company’s stock valued at $1,198,000 after buying an additional 2,235 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of Century Casinos during the second quarter valued at $204,000. Guggenheim Capital LLC raised its position in shares of Century Casinos by 4.5% in the second quarter. Guggenheim Capital LLC now owns 16,267 shares of the company’s stock valued at $101,000 after buying an additional 696 shares during the period. Bridgeway Capital Management Inc. raised its position in shares of Century Casinos by 5.1% in the second quarter. Bridgeway Capital Management Inc. now owns 245,200 shares of the company’s stock valued at $1,528,000 after buying an additional 11,950 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Century Casinos during the second quarter valued at $220,000. 74.53% of the stock is currently owned by institutional investors and hedge funds.
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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