Timothy Allen Wright Sells 5,000 Shares of Century Casinos, Inc. (NASDAQ:CNTY) Stock

Century Casinos, Inc. (NASDAQ:CNTY) VP Timothy Allen Wright sold 5,000 shares of the firm’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 sale, the vice president now owns 5,000 shares of the company’s stock, valued at $44,950. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

CNTY stock traded up $0.14 during mid-day trading on Friday, reaching $8.89. 2,263 shares of the company traded hands, compared to its average volume of 107,331. The stock has a market cap of $256.79 million, a price-to-earnings ratio of 80.64, a P/E/G ratio of 1.27 and a beta of 0.84. 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, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $10.41. The firm’s 50 day moving average price is $8.50 and its 200 day moving average price is $8.93.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $52.45 million for the quarter, compared to analyst estimates of $48.75 million. Century Casinos had a net margin of 1.42% and a return on equity of 1.52%. On average, analysts anticipate that Century Casinos, Inc. will post 0.28 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CNTY. BNP Paribas Arbitrage SA boosted its stake in Century Casinos by 533.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock valued at $52,000 after purchasing an additional 4,816 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Century Casinos during the 2nd quarter worth approximately $57,000. Metropolitan Life Insurance Co NY bought a new position in shares of Century Casinos during the 1st quarter worth approximately $86,000. Algert Global LLC bought a new position in shares of Century Casinos during the 2nd quarter worth approximately $109,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Century Casinos during the 1st quarter worth approximately $120,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

A number of equities analysts have issued reports on CNTY shares. Zacks Investment Research downgraded Century Casinos from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. TheStreet downgraded Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st. BidaskClub upgraded Century Casinos from a “strong sell” rating to a “sell” rating in a research note on Thursday. Finally, Craig Hallum set a $12.00 price target on Century Casinos and gave the company a “buy” rating in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Century Casinos has a consensus rating of “Hold” and an average target price of $11.00.

Century Casinos Company Profile

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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