Century Casinos (CNTY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Century Casinos (NASDAQ:CNTY) from a sell rating to a hold rating in a research note published on Tuesday.

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. “

Separately, ValuEngine downgraded shares of Century Casinos from a strong-buy rating to a buy rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $13.00.

Century Casinos stock traded up $0.10 during mid-day trading on Tuesday, reaching $7.87. The company’s stock had a trading volume of 76,242 shares, compared to its average volume of 79,762. Century Casinos has a 12-month low of $5.77 and a 12-month high of $9.74. The firm has a market capitalization of $227.57 million, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.64 and a beta of 0.47. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Century Casinos had a negative net margin of 1.50% and a positive return on equity of 1.63%. The business had revenue of $43.56 million during the quarter, compared to analyst estimates of $42.05 million. On average, equities research analysts forecast that Century Casinos will post 0.17 EPS for the current year.

In other news, CEO Peter Hoetzinger purchased 5,497 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was purchased at an average cost of $6.80 per share, with a total value of $37,379.60. Following the acquisition, the chief executive officer now directly owns 5,497 shares in the company, valued at $37,379.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Erwin Et Al Haitzmann purchased 12,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was purchased at an average cost of $7.15 per share, with a total value of $85,800.00. The disclosure for this purchase can be found here. 12.70% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in CNTY. BW Gestao de Investimentos Ltda. lifted its holdings in shares of Century Casinos by 25.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 16,835 shares of the company’s stock worth $126,000 after acquiring an additional 3,391 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Century Casinos during the 3rd quarter worth $106,000. North Star Investment Management Corp. lifted its holdings in shares of Century Casinos by 8.8% during the 4th quarter. North Star Investment Management Corp. now owns 271,250 shares of the company’s stock worth $2,005,000 after acquiring an additional 22,000 shares during the last quarter. Monarch Partners Asset Management LLC lifted its holdings in shares of Century Casinos by 37.3% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 91,388 shares of the company’s stock worth $682,000 after acquiring an additional 24,848 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Century Casinos by 3.3% during the 3rd quarter. Renaissance Technologies LLC now owns 935,840 shares of the company’s stock worth $6,981,000 after acquiring an additional 30,140 shares during the last quarter. 79.03% 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 and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.

Further Reading: Net Asset Value

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