Century Casinos (CNTY) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a buy rating in a report issued on Thursday.

Several other research firms have also recently issued reports on CNTY. Zacks Investment Research raised shares of Century Casinos from a sell rating to a hold rating in a research note on Tuesday, January 30th. TheStreet cut shares of Century Casinos from a b rating to a c+ rating in a research note on Friday, April 6th. Finally, BidaskClub cut shares of Century Casinos from a hold rating to a sell rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $11.00.

Get Century Casinos alerts:

Shares of Century Casinos traded up $0.04, hitting $8.66, during mid-day trading on Thursday, Marketbeat.com reports. 641 shares of the stock were exchanged, compared to its average volume of 113,395. Century Casinos has a twelve month low of $8.45 and a twelve month high of $8.45. The stock has a market capitalization of $246.06 million, a P/E ratio of 19.24, a P/E/G ratio of 0.92 and a beta of 0.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 2.22.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). Century Casinos had a return on equity of 6.15% and a net margin of 3.17%. The firm had revenue of $40.62 million for the quarter, compared to analyst estimates of $38.15 million. analysts forecast that Century Casinos will post 0.37 EPS for the current year.

In related news, CEO Erwin Et Al Haitzmann sold 41,872 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $8.43, for a total value of $352,980.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Century Casinos in the fourth quarter valued at approximately $100,000. Engineers Gate Manager LP purchased a new position in Century Casinos in the first quarter valued at approximately $106,000. Connors Investor Services Inc. purchased a new position in Century Casinos in the first quarter valued at approximately $149,000. Strs Ohio purchased a new position in Century Casinos in the fourth quarter valued at approximately $151,000. Finally, Stifel Financial Corp raised its holdings in Century Casinos by 88.7% in the first quarter. Stifel Financial Corp now owns 24,876 shares of the company’s stock valued at $187,000 after buying an additional 11,690 shares during the period. Hedge funds and other institutional investors own 77.99% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.