Century Casinos (CNTY) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Century Casinos (NASDAQ:CNTY) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other brokerages have also commented on CNTY. Zacks Investment Research lowered Century Casinos from a strong-buy rating to a hold rating in a research report on Friday, December 1st. Roth Capital began coverage on Century Casinos in a report on Wednesday, September 20th. They issued a buy rating and a $11.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Century Casinos has a consensus rating of Hold and an average target price of $9.77.

Shares of Century Casinos (CNTY) traded down $0.11 during midday trading on Friday, reaching $9.05. The company had a trading volume of 74,039 shares, compared to its average volume of 153,381. The stock has a market capitalization of $263.10, a price-to-earnings ratio of 15.60 and a beta of -0.20. Century Casinos has a 52-week low of $6.28 and a 52-week high of $9.85. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.

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

A number of large investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. lifted its holdings in Century Casinos by 36.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 85,272 shares of the company’s stock valued at $699,000 after acquiring an additional 22,900 shares during the period. Macquarie Group Ltd. acquired a new position in Century Casinos in the third quarter valued at approximately $275,000. Russell Investments Group Ltd. lifted its holdings in Century Casinos by 131.5% in the third quarter. Russell Investments Group Ltd. now owns 121,067 shares of the company’s stock valued at $994,000 after acquiring an additional 68,767 shares during the period. Bessemer Group Inc. lifted its holdings in Century Casinos by 17.1% in the third quarter. Bessemer Group Inc. now owns 48,700 shares of the company’s stock valued at $400,000 after acquiring an additional 7,100 shares during the period. Finally, Boston Partners lifted its holdings in Century Casinos by 62.4% in the third quarter. Boston Partners now owns 135,260 shares of the company’s stock valued at $1,110,000 after acquiring an additional 51,960 shares during the period. 63.46% of the stock is owned by institutional investors.

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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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