Century Casinos, Inc. (CNTY) Given Average Rating of “Hold” by Analysts
Shares of Century Casinos, Inc. (NASDAQ:CNTY) have earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.10.
CNTY has been the subject of a number of analyst reports. Zacks Investment Research lowered Century Casinos from a “strong-buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Century Casinos from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Roth Capital initiated coverage on Century Casinos in a report on Wednesday, September 20th. They set a “buy” rating and a $11.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Century Casinos in a report on Wednesday. They set a “buy” rating and a $13.00 target price for the company.
A number of institutional investors have recently bought and sold shares of CNTY. Russell Investments Group Ltd. lifted its holdings in Century Casinos by 24.2% during the second quarter. Russell Investments Group Ltd. now owns 52,300 shares of the company’s stock worth $385,000 after buying an additional 10,200 shares during the period. Rhumbline Advisers lifted its holdings in Century Casinos by 39.5% during 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 period. SG Americas Securities LLC lifted its holdings in Century Casinos by 45.4% during the second quarter. SG Americas Securities LLC now owns 31,100 shares of the company’s stock worth $229,000 after buying an additional 9,718 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Century Casinos by 4.7% during the 2nd quarter. Prudential Financial Inc. now owns 75,280 shares of the company’s stock valued at $554,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Century Casinos during the 2nd quarter valued at $1,026,000. Institutional investors own 63.46% of the company’s stock.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.21. The firm had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. research analysts expect that Century Casinos will post 0.54 EPS for the current fiscal year.
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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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