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 (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.
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).
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