Century Casinos (NASDAQ:CNTY) released its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), MarketWatch Earnings reports. The business had revenue of $45.11 million for the quarter, compared to the consensus estimate of $42.85 million. Century Casinos had a negative net margin of 1.50% and a positive return on equity of 1.63%.
Shares of NASDAQ CNTY opened at $8.59 on Wednesday. Century Casinos has a twelve month low of $5.77 and a twelve month high of $9.15. The firm has a market cap of $239.63 million, a P/E ratio of 19.09, a PEG ratio of 0.83 and a beta of 0.65. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.18.
CNTY has been the subject of several analyst reports. ValuEngine downgraded shares of Century Casinos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub raised shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note 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’s stock. Century Casinos currently has a consensus rating of “Buy” and an average target price of $13.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in CNTY. Royce & Associates LP raised its stake in Century Casinos by 76.7% during the fourth quarter. Royce & Associates LP now owns 1,734,570 shares of the company’s stock worth $12,818,000 after buying an additional 753,070 shares during the last quarter. Boston Partners raised its stake in Century Casinos by 79.1% during the fourth quarter. Boston Partners now owns 548,700 shares of the company’s stock worth $4,055,000 after buying an additional 242,400 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in Century Casinos by 59.9% during the fourth quarter. Penn Capital Management Co. Inc. now owns 546,096 shares of the company’s stock worth $4,036,000 after buying an additional 204,566 shares during the last quarter. Brown Advisory Inc. raised its stake in Century Casinos by 20.6% during the third quarter. Brown Advisory Inc. now owns 741,495 shares of the company’s stock worth $5,532,000 after buying an additional 126,908 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in Century Casinos by 3.5% during the third quarter. Vanguard Group Inc now owns 1,328,292 shares of the company’s stock worth $9,909,000 after buying an additional 44,460 shares during the last quarter. 79.97% of the stock is owned by institutional investors and hedge funds.
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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.
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