Stifel Nicolaus Increases Century Casinos (NASDAQ:CNTY) Price Target to $5.00

Century Casinos (NASDAQ:CNTY) had its price objective hoisted by investment analysts at Stifel Nicolaus from $4.00 to $5.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 29.20% from the company’s current price.

Several other analysts have also recently commented on the company. Macquarie reduced their price target on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research note on Tuesday.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $3.87 on Tuesday. The stock has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.67. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. The company has a market cap of $118.74 million, a PE ratio of -1.59 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same quarter last year, the business posted ($0.47) EPS. Sell-side analysts forecast that Century Casinos will post -2.33 EPS for the current year.

Institutional Trading of Century Casinos

A number of institutional investors have recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Century Casinos during the 2nd quarter worth $32,000. Quadrature Capital Ltd acquired a new position in Century Casinos during the first quarter worth about $51,000. Virtu Financial LLC purchased a new stake in shares of Century Casinos in the first quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Century Casinos in the second quarter valued at approximately $103,000. Finally, Empowered Funds LLC increased its stake in shares of Century Casinos by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares in the last quarter. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

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.