Century Casinos Inc. (NASDAQ:CNTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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) traded up 1.08% on Wednesday, reaching $6.54. The company’s stock had a trading volume of 49,253 shares. The firm has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.20. Century Casinos has a 12-month low of $5.34 and a 12-month high of $7.84. The stock has a market cap of $159.80 million, a PE ratio of 21.10 and a beta of -0.32.
Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company earned $35.20 million during the quarter, compared to the consensus estimate of $36.44 million. Century Casinos had a return on equity of 5.95% and a net margin of 5.68%. Equities research analysts expect that Century Casinos will post $0.36 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Century Casinos by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,238,387 shares of the company’s stock valued at $13,788,000 after buying an additional 311,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Century Casinos by 18.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,473,750 shares of the company’s stock valued at $9,181,000 after buying an additional 229,631 shares during the last quarter. Royce & Associates LP raised its position in Century Casinos by 20.1% in the second quarter. Royce & Associates LP now owns 816,660 shares of the company’s stock valued at $5,088,000 after buying an additional 136,500 shares during the last quarter. Vanguard Group Inc. raised its position in Century Casinos by 6.7% in the second quarter. Vanguard Group Inc. now owns 782,602 shares of the company’s stock valued at $4,875,000 after buying an additional 49,292 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Century Casinos by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 744,008 shares of the company’s stock valued at $4,635,000 after buying an additional 8,749 shares during the last quarter. 74.53% of the stock is owned by hedge funds and other institutional investors.
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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