Century Casinos (NASDAQ:CNTY) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Century Casinos (NASDAQ:CNTYGet Rating) from a hold rating to a strong-buy rating in a report released on Wednesday morning.

Separately, Zacks Investment Research downgraded shares of Century Casinos from a hold rating to a sell rating in a research report on Wednesday, May 11th.

Shares of Century Casinos stock opened at $8.09 on Wednesday. The firm’s 50 day moving average price is $10.88 and its 200-day moving average price is $11.78. The company has a quick ratio of 2.34, a current ratio of 2.36 and a debt-to-equity ratio of 3.01. Century Casinos has a 52-week low of $7.68 and a 52-week high of $16.44. The company has a market cap of $241.16 million, a P/E ratio of 11.24 and a beta of 2.80.

Century Casinos (NASDAQ:CNTYGet Rating) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). Century Casinos had a return on equity of 15.31% and a net margin of 5.31%. The firm had revenue of $103.10 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, equities research analysts forecast that Century Casinos will post 0.65 EPS for the current fiscal year.

In related news, CEO Erwin Et Al Haitzmann bought 7,500 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were bought at an average price of $11.21 per share, with a total value of $84,075.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in CNTY. Barclays PLC boosted its holdings in shares of Century Casinos by 316.2% in the 3rd quarter. Barclays PLC now owns 23,934 shares of the company’s stock valued at $322,000 after acquiring an additional 18,183 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Century Casinos in the 4th quarter valued at $434,000. Panagora Asset Management Inc. boosted its holdings in shares of Century Casinos by 63.4% in the 4th quarter. Panagora Asset Management Inc. now owns 65,844 shares of the company’s stock valued at $802,000 after acquiring an additional 25,549 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Century Casinos by 0.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 270,140 shares of the company’s stock valued at $3,290,000 after acquiring an additional 1,300 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Century Casinos by 11.4% in the 3rd quarter. HighTower Advisors LLC now owns 33,248 shares of the company’s stock valued at $445,000 after acquiring an additional 3,398 shares during the last quarter. 70.66% of the stock is currently owned by institutional investors.

Century Casinos Company Profile (Get Rating)

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos.

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