CNTY has been the subject of several other reports. Zacks Investment Research downgraded shares of Century Casinos from a buy rating to a hold rating in a report on Wednesday, June 19th. Craig Hallum set a $12.00 target price on shares of Century Casinos and gave the stock a buy rating in a research note on Monday, June 17th. Finally, TheStreet downgraded shares of Century Casinos from a b- rating to a c+ rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $11.00.
Shares of CNTY stock opened at $8.92 on Thursday. Century Casinos has a 12-month low of $5.77 and a 12-month high of $10.41. The company has a market capitalization of $257.67 million, a P/E ratio of 81.09, a P/E/G ratio of 1.27 and a beta of 0.84. The firm has a 50-day moving average price of $8.49 and a 200 day moving average price of $8.94. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.50.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). Century Casinos had a net margin of 1.42% and a return on equity of 1.52%. The firm had revenue of $52.45 million for the quarter, compared to the consensus estimate of $48.75 million. As a group, research analysts expect that Century Casinos will post 0.28 earnings per share for the current year.
In other Century Casinos news, VP Timothy Allen Wright sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $8.99, for a total value 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 $44,950. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in shares of Century Casinos by 137.4% in the second quarter. Janus Henderson Group PLC now owns 1,279,031 shares of the company’s stock worth $12,407,000 after acquiring an additional 740,226 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Century Casinos in the second quarter worth about $127,000. Strs Ohio raised its stake in shares of Century Casinos by 176.2% in the second quarter. Strs Ohio now owns 35,900 shares of the company’s stock worth $348,000 after acquiring an additional 22,900 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Century Casinos by 64.8% in the second quarter. Rice Hall James & Associates LLC now owns 1,856,776 shares of the company’s stock worth $18,011,000 after acquiring an additional 729,755 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in shares of Century Casinos in the second quarter worth about $201,000. 80.56% of the stock is owned by 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, 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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