Century Casinos, Inc. (NASDAQ:CNTY) CEO Acquires $337,500.00 in Stock
Century Casinos, Inc. (NASDAQ:CNTY) CEO Peter Hoetzinger acquired 250,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $1.35 per share, for a total transaction of $337,500.00. Following the completion of the purchase, the chief executive officer now owns 261,000 shares in the company, valued at approximately $352,350. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Century Casinos stock opened at $2.99 on Thursday. Century Casinos, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $10.41. The company has a market capitalization of $47.20 million, a price-to-earnings ratio of -4.67, a PEG ratio of 0.09 and a beta of 1.03. The stock has a fifty day moving average of $5.92 and a two-hundred day moving average of $7.45. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.37 and a current ratio of 1.40.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Friday, March 13th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.70). The company had revenue of $67.24 million during the quarter, compared to analysts’ expectations of $59.40 million. Century Casinos had a negative net margin of 8.78% and a negative return on equity of 10.24%. On average, analysts forecast that Century Casinos, Inc. will post 0.75 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CNTY. Metropolitan Life Insurance Co NY purchased a new position in Century Casinos in the 1st quarter valued at about $86,000. California Public Employees Retirement System grew its holdings in shares of Century Casinos by 3.4% during the third quarter. California Public Employees Retirement System now owns 74,625 shares of the company’s stock worth $577,000 after buying an additional 2,454 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Century Casinos during the third quarter worth about $40,000. State Street Corp raised its position in shares of Century Casinos by 2.6% in the third quarter. State Street Corp now owns 512,370 shares of the company’s stock valued at $3,961,000 after buying an additional 13,055 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Century Casinos by 11.0% in the third quarter. Stifel Financial Corp now owns 32,681 shares of the company’s stock valued at $253,000 after buying an additional 3,226 shares during the last quarter. 79.85% of the stock is owned by hedge funds and other institutional investors.
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, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
Further Reading: What is an Initial Coin Offering (ICO)?
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