Century Casinos (NASDAQ:CNTY) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of Century Casinos (NASDAQ:CNTY) in a report published on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $8.00 price target on the stock.

CNTY has been the topic of several other research reports. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their target price on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Macquarie dropped their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Century Casinos currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Stock Performance

Shares of NASDAQ:CNTY opened at $4.47 on Tuesday. The firm has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $2.81. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $137.14 million, a P/E ratio of -1.84 and a beta of 2.55. Century Casinos has a 52 week low of $1.94 and a 52 week high of $5.09.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $158.10 million. Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. During the same period in the previous year, the firm earned ($0.47) earnings per share. On average, analysts expect that Century Casinos will post -2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. bought a new stake in Century Casinos during the 2nd quarter valued at about $32,000. Quadrature Capital Ltd bought a new stake in shares of Century Casinos during the first quarter valued at approximately $51,000. Virtu Financial LLC purchased a new stake in shares of Century Casinos in the first quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Century Casinos in the second quarter worth approximately $103,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Century Casinos by 38.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after purchasing an additional 18,869 shares during the period. 66.36% of the stock is currently owned by 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.