Century Casinos (CNTY) Lowered to Sell at Zacks Investment Research

Century Casinos (NASDAQ:CNTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Century Casinos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. Roth Capital started coverage on Century Casinos in a research note on Wednesday, September 20th. They issued a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Century Casinos currently has a consensus rating of “Hold” and a consensus target price of $10.58.

Century Casinos (CNTY) traded up $0.53 during midday trading on Tuesday, hitting $9.57. The stock had a trading volume of 132,800 shares, compared to its average volume of 124,343. Century Casinos has a 12 month low of $6.28 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 1.75. The company has a market cap of $234.20, a price-to-earnings ratio of 16.22 and a beta of -0.20.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.21. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. The company had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million. sell-side analysts anticipate that Century Casinos will post 0.36 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hancock Holding Co. bought a new position in Century Casinos during the 2nd quarter valued at approximately $171,000. The Manufacturers Life Insurance Company raised its position in Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock valued at $171,000 after purchasing an additional 4,044 shares during the last quarter. Rhumbline Advisers raised its position in Century Casinos by 39.5% during the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock valued at $173,000 after purchasing an additional 6,625 shares during the last quarter. Numeric Investors LLC bought a new position in Century Casinos during the 2nd quarter valued at approximately $203,000. Finally, PDT Partners LLC bought a new position in Century Casinos during the 2nd quarter valued at approximately $206,000. 63.46% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Century Casinos (CNTY) Lowered to Sell at Zacks Investment Research” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.themarketsdaily.com/2018/01/11/century-casinos-cnty-lowered-to-sell-at-zacks-investment-research.html.

Century Casinos Company Profile

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).

Get a free copy of the Zacks research report on Century Casinos (CNTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Century Casinos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply