Stifel Nicolaus Lowers Century Casinos (NASDAQ:CNTY) Price Target to $4.00

Century Casinos (NASDAQ:CNTY) had its price target lowered by Stifel Nicolaus from $5.00 to $4.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 109.42% from the company’s current price.

A number of other research firms have also commented on CNTY. Craig Hallum assumed coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $5.00 target price on shares of Century Casinos in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.25.

Century Casinos Price Performance

CNTY stock opened at $1.91 on Friday. The firm has a 50 day moving average of $2.94 and a 200-day moving average of $3.12. The firm has a market capitalization of $58.60 million, a P/E ratio of -0.79 and a beta of 2.71. Century Casinos has a 12 month low of $1.64 and a 12 month high of $5.09. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58.

Institutional Trading of Century Casinos

A number of hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC raised its position in Century Casinos by 5.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock valued at $5,251,000 after purchasing an additional 90,556 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 buying an additional 5,220 shares in the last quarter. Empowered Funds LLC grew its position in Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after acquiring an additional 3,752 shares during the last quarter. Royce & Associates LP raised its stake in shares of Century Casinos by 2.2% during the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after acquiring an additional 61,522 shares in the last quarter. Finally, RBF Capital LLC lifted its holdings in shares of Century Casinos by 23.1% in the 3rd 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.

Century Casinos Company Profile

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.