Century Casinos, Inc. (NASDAQ:CNTY) Receives $12.00 Consensus PT from Brokerages

Century Casinos, Inc. (NASDAQ:CNTY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.00.

A number of analysts have weighed in on CNTY shares. ValuEngine raised shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. BidaskClub raised shares of Century Casinos from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Union Gaming Research raised shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Zacks Investment Research cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TheStreet cut shares of Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st.

CNTY traded down $0.06 during trading on Monday, hitting $8.04. 68,312 shares of the stock traded hands, compared to its average volume of 115,612. The business has a 50 day moving average price of $7.75 and a 200 day moving average price of $8.51. The company has a market cap of $234.13 million, a price-to-earnings ratio of 73.09, a PEG ratio of 4.32 and a beta of 0.86. Century Casinos has a twelve month low of $6.45 and a twelve month high of $10.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.11 and a quick ratio of 1.09.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $52.94 million for the quarter, compared to the consensus estimate of $53.65 million. Century Casinos had a return on equity of 0.87% and a net margin of 0.76%. On average, equities research analysts predict that Century Casinos will post 0.08 earnings per share for the current year.

In related news, VP Timothy Allen Wright sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $8.99, for a total value of $44,950.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Dinah Corbaci sold 14,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $8.56, for a total transaction of $119,840.00. Following the completion of the sale, the director now directly owns 21,300 shares in the company, valued at approximately $182,328. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of Century Casinos in the third quarter worth $588,000. Moab Capital Partners LLC bought a new stake in shares of Century Casinos in the third quarter worth $1,781,000. Squarepoint Ops LLC boosted its position in Century Casinos by 114.0% during the third quarter. Squarepoint Ops LLC now owns 78,772 shares of the company’s stock valued at $609,000 after acquiring an additional 41,966 shares during the last quarter. Barclays PLC boosted its position in Century Casinos by 118.9% during the third quarter. Barclays PLC now owns 79,225 shares of the company’s stock valued at $613,000 after acquiring an additional 43,034 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Century Casinos by 6.3% during the third quarter. California State Teachers Retirement System now owns 43,979 shares of the company’s stock valued at $340,000 after acquiring an additional 2,618 shares during the last quarter. 83.20% of the stock is currently owned by institutional investors.

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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