Century Casinos, Inc. (NASDAQ:CNTY) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.00.
Several analysts have commented on the stock. Craig Hallum set a $12.00 price target on shares of Century Casinos and gave the stock a “buy” rating in a research note on Monday, June 17th. TheStreet cut shares of Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st. Zacks Investment Research upgraded shares of Century Casinos from a “strong sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded shares of Century Casinos from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Finally, ValuEngine cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Shares of Century Casinos stock opened at $7.33 on Friday. The company has a market capitalization of $217.33 million, a P/E ratio of 66.64, a P/E/G ratio of 1.07 and a beta of 0.84. Century Casinos has a fifty-two week low of $5.77 and a fifty-two week high of $10.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.09. The company has a fifty day moving average of $7.96 and a 200 day moving average of $8.85.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $52.45 million during the quarter, compared to analysts’ expectations of $48.75 million. Century Casinos had a return on equity of 1.52% and a net margin of 1.42%. Analysts forecast that Century Casinos will post 0.28 EPS for the current year.
In other news, VP Timothy Allen Wright sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $8.99, for a total transaction of $44,950.00. Following the sale, the vice president now directly owns 5,000 shares in the company, valued at approximately $44,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dinah Corbaci sold 14,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.56, for a total transaction of $119,840.00. Following the sale, the director now owns 21,300 shares in the company, valued at $182,328. The disclosure for this sale can be found here. 12.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CNTY. BNP Paribas Arbitrage SA raised its position in Century Casinos by 533.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock worth $52,000 after purchasing an additional 4,816 shares during the period. Acadian Asset Management LLC bought a new position in Century Casinos in the 2nd quarter worth about $57,000. Metropolitan Life Insurance Co NY bought a new position in Century Casinos in the 1st quarter worth about $86,000. Algert Global LLC bought a new position in Century Casinos in the 2nd quarter worth about $109,000. Finally, MetLife Investment Advisors LLC bought a new position in Century Casinos in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
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.
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