Century Casinos (NASDAQ:CNTY) Stock Price Up 5%

Century Casinos, Inc. (NASDAQ:CNTY) shares rose 5% during mid-day trading on Friday . The company traded as high as $8.15 and last traded at $8.09, approximately 126,574 shares traded hands during mid-day trading. An increase of 10% from the average daily volume of 115,098 shares. The stock had previously closed at $7.70.

Several brokerages recently issued reports on CNTY. ValuEngine upgraded shares of Century Casinos from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. BidaskClub upgraded shares of Century Casinos from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. Union Gaming Research upgraded shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TheStreet downgraded shares of Century Casinos from a “b-” rating to a “c+” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research lowered Century Casinos from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.63.

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.53. The stock has a market cap of $231.17 million, a P/E ratio of 73.50, a P/E/G ratio of 4.32 and a beta of 0.86. The firm has a 50 day moving average price of $7.79 and a 200 day moving average price of $8.49.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). The company had revenue of $52.94 million for the quarter, compared to the consensus estimate of $53.65 million. Century Casinos had a net margin of 0.76% and a return on equity of 0.87%. Equities analysts predict that Century Casinos, Inc. will post 0.08 earnings per share for the current fiscal year.

In related news, Director Dinah Corbaci sold 14,000 shares of Century Casinos stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $8.56, for a total transaction of $119,840.00. Following the transaction, the director now owns 21,300 shares in the company, valued at approximately $182,328. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy Allen Wright sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $8.99, for a total transaction of $44,950.00. Following the completion of the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $44,950. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in shares of Century Casinos in the third quarter worth about $40,000. First Interstate Bank bought a new stake in Century Casinos during the 3rd quarter valued at approximately $49,000. Acadian Asset Management LLC purchased a new position in Century Casinos in the 2nd quarter worth approximately $57,000. Metropolitan Life Insurance Co NY purchased a new position in Century Casinos in the 1st quarter worth approximately $86,000. Finally, Cadence Capital Management LLC bought a new position in Century Casinos in the 3rd quarter worth approximately $104,000. 83.20% of the stock is currently owned by institutional investors and hedge funds.

About Century Casinos (NASDAQ:CNTY)

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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