Zacks Investment Research upgraded shares of Century Casinos (NASDAQ:CNTY) from a sell rating to a hold rating in a research note published on Tuesday morning.
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 also recently issued reports about the stock. Stifel Nicolaus assumed coverage on shares of Century Casinos in a research report on Wednesday, January 10th. They issued a buy rating and a $13.00 price target for the company. BidaskClub downgraded shares of Century Casinos from a buy rating to a hold rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $10.58.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.21. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. The firm had revenue of $41.05 million during the quarter, compared to the consensus estimate of $39.10 million. sell-side analysts anticipate that Century Casinos will post 0.54 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. raised its position in shares of Century Casinos by 31.7% in the fourth quarter. Alambic Investment Management L.P. now owns 187,525 shares of the company’s stock valued at $1,712,000 after buying an additional 45,126 shares in the last quarter. Boston Partners raised its position in shares of Century Casinos by 7.3% in the fourth quarter. Boston Partners now owns 145,200 shares of the company’s stock valued at $1,326,000 after buying an additional 9,940 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Century Casinos in the fourth quarter valued at approximately $2,290,000. Wedge Capital Management L L P NC raised its position in shares of Century Casinos by 116.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 87,000 shares of the company’s stock valued at $794,000 after buying an additional 46,800 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of Century Casinos by 32.0% in the fourth quarter. Foundry Partners LLC now owns 408,360 shares of the company’s stock valued at $3,728,000 after buying an additional 98,980 shares in the last quarter. Institutional investors own 63.70% of the company’s stock.
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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