BidaskClub Downgrades Century Casinos (NASDAQ:CNTY) to Hold

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BidaskClub cut shares of Century Casinos (NASDAQ:CNTY) from a buy rating to a hold rating in a report published on Wednesday, March 6th.

A number of other research analysts have also recently commented on the company. ValuEngine cut Century Casinos from a strong-buy rating to a buy rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Century Casinos from a sell rating to a hold rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Century Casinos currently has a consensus rating of Buy and a consensus target price of $13.00.

CNTY stock opened at $8.80 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Century Casinos has a fifty-two week low of $5.77 and a fifty-two week high of $9.15. The firm has a market cap of $254.66 million, a price-to-earnings ratio of 80.00, a PEG ratio of 0.95 and a beta of 0.68.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, March 11th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). Century Casinos had a return on equity of 1.91% and a net margin of 2.01%. The company had revenue of $45.11 million during the quarter, compared to the consensus estimate of $42.85 million. As a group, equities analysts expect that Century Casinos will post 0.36 EPS for the current fiscal year.

In other Century Casinos news, CEO Peter Hoetzinger bought 5,497 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $6.80 per share, for a total transaction of $37,379.60. Following the completion of the transaction, the chief executive officer now directly owns 5,497 shares in the company, valued at approximately $37,379.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Century Casinos by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 278,783 shares of the company’s stock worth $2,060,000 after purchasing an additional 14,861 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its holdings in Century Casinos by 18.8% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 20,007 shares of the company’s stock worth $148,000 after purchasing an additional 3,172 shares in the last quarter. Penn Capital Management Co. Inc. lifted its holdings in Century Casinos by 59.9% during the 4th quarter. Penn Capital Management Co. Inc. now owns 546,096 shares of the company’s stock worth $4,036,000 after purchasing an additional 204,566 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Century Casinos by 39.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 47,349 shares of the company’s stock worth $350,000 after purchasing an additional 13,353 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Century Casinos during the 4th quarter worth about $319,000. Hedge funds and other institutional investors own 77.92% of the company’s stock.

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 and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.

Read More: How are institutional investors different from individual investors?

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