Century Casinos (NASDAQ:CNTY) posted its earnings results on Thursday. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04, Morningstar.com reports. The firm had revenue of $45.61 million during the quarter, compared to the consensus estimate of $44.10 million. Century Casinos had a return on equity of 1.99% and a net margin of 2.03%.
Shares of Century Casinos stock opened at $9.00 on Friday. The firm has a market cap of $264.96 million, a PE ratio of 81.82, a PEG ratio of 1.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.10. Century Casinos has a 12 month low of $5.77 and a 12 month high of $9.44.
CNTY has been the subject of a number of research reports. BidaskClub upgraded Century Casinos from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Union Gaming Research restated a “hold” rating on shares of Century Casinos in a research report on Wednesday, March 20th. Finally, TheStreet upgraded Century Casinos from a “c+” rating to a “b-” rating in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.00.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Century Casinos by 533.9% during the first quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock valued at $52,000 after buying an additional 4,816 shares during the period. Algert Global LLC purchased a new position in shares of Century Casinos during the fourth quarter valued at $99,000. Brandywine Global Investment Management LLC purchased a new position in shares of Century Casinos during the fourth quarter valued at $117,000. BW Gestao de Investimentos Ltda. increased its stake in shares of Century Casinos by 18.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 20,007 shares of the company’s stock valued at $148,000 after buying an additional 3,172 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Century Casinos by 45.2% during the fourth quarter. Rhumbline Advisers now owns 37,713 shares of the company’s stock valued at $279,000 after buying an additional 11,747 shares during the period. Hedge funds and other institutional investors own 79.65% of the company’s stock.
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About Century Casinos
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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