Century Casinos, Inc. (NASDAQ:CNTY) issued its quarterly earnings data on Monday, August 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by $0.03, Bloomberg Earnings reports. Century Casinos had a net margin of 5.98% and a return on equity of 6.07%. The business had revenue of $37.33 million for the quarter, compared to analysts’ expectations of $38.10 million.
Shares of Century Casinos (NASDAQ CNTY) traded up 4.21% during midday trading on Friday, reaching $6.93. The company’s stock had a trading volume of 57,460 shares. Century Casinos has a 52 week low of $6.00 and a 52 week high of $8.89. The company has a 50 day moving average of $7.27 and a 200-day moving average of $7.49. The stock has a market capitalization of $169.56 million, a price-to-earnings ratio of 19.80 and a beta of -0.34.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Century Casinos by 0.8% in the first quarter. Wells Fargo & Company MN now owns 2,519,848 shares of the company’s stock valued at $19,050,000 after buying an additional 20,275 shares during the period. Vanguard Group Inc. increased its position in Century Casinos by 2.7% in the second quarter. Vanguard Group Inc. now owns 861,545 shares of the company’s stock valued at $6,349,000 after buying an additional 22,545 shares during the period. Renaissance Technologies LLC increased its position in Century Casinos by 8.0% in the first quarter. Renaissance Technologies LLC now owns 658,200 shares of the company’s stock valued at $4,976,000 after buying an additional 48,800 shares during the period. New York State Common Retirement Fund increased its position in Century Casinos by 7.0% in the second quarter. New York State Common Retirement Fund now owns 404,934 shares of the company’s stock valued at $2,984,000 after buying an additional 26,338 shares during the period. Finally, State Street Corp increased its position in Century Casinos by 11.3% in the second quarter. State Street Corp now owns 293,484 shares of the company’s stock valued at $2,164,000 after buying an additional 29,844 shares during the period. 72.95% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on CNTY shares. Zacks Investment Research downgraded Century Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. TheStreet raised Century Casinos from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th. Finally, Stephens started coverage on Century Casinos in a research report on Tuesday, June 6th. They issued an “equal weight” rating on the stock.
About Century Casinos
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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