Century Casinos (NASDAQ:CNTY) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a research note published on Tuesday morning.

Other equities research analysts also recently issued research reports about the company. Macquarie cut their price objective on Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus cut their target price on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Craig Hallum assumed coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They set a “buy” rating and a $8.00 target price on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $5.00 target price on shares of Century Casinos in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Century Casinos has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $1.84 on Tuesday. Century Casinos has a one year low of $1.64 and a one year high of $5.09. The stock has a fifty day moving average of $2.83 and a 200-day moving average of $3.10. The company has a market capitalization of $56.46 million, a PE ratio of -0.76 and a beta of 2.71. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79.

Hedge Funds Weigh In On Century Casinos

Hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC increased its stake in shares of Century Casinos by 5.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock worth $5,251,000 after acquiring an additional 90,556 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Century Casinos by 1.9% in the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after acquiring an additional 5,220 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after acquiring an additional 3,752 shares during the last quarter. Royce & Associates LP increased its stake in shares of Century Casinos by 2.7% in the fourth quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock worth $9,639,000 after acquiring an additional 79,086 shares during the last quarter. Finally, RBF Capital LLC increased its stake in shares of Century Casinos by 23.1% in the third quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after acquiring an additional 69,349 shares during the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.

About Century Casinos

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.