Century Casinos’ (CNTY) Market Outperform Rating Reiterated at JMP Securities

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating reaffirmed by stock analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $5.00 price objective on the stock. JMP Securities’ price target indicates a potential upside of 63.13% from the company’s current price.

A number of other analysts have also recently weighed in on CNTY. StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped 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. Finally, Craig Hallum began 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 for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Performance

Shares of Century Casinos stock traded down $0.02 on Monday, reaching $3.07. The stock had a trading volume of 8,139 shares, compared to its average volume of 54,044. The business’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $3.03. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. Century Casinos has a fifty-two week low of $1.94 and a fifty-two week high of $5.09. The stock has a market cap of $94.03 million, a P/E ratio of -1.26 and a beta of 2.64.

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 analysts’ consensus estimates of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. On average, sell-side analysts forecast that Century Casinos will post -2.39 EPS for the current year.

Hedge Funds Weigh In On Century Casinos

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Century Casinos by 1.9% during the 3rd 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 during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after purchasing an additional 325,890 shares in the last quarter. Empowered Funds LLC lifted its holdings 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 valued at $194,000 after purchasing an additional 3,752 shares in the last quarter. Sei Investments Co. bought a new position in shares of Century Casinos during the 2nd quarter valued at about $32,000. Finally, Royce & Associates LP lifted its holdings in shares of Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after purchasing an additional 61,522 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

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.