Macquarie Has Lowered Expectations for Century Casinos (NASDAQ:CNTY) Stock Price

Century Casinos (NASDAQ:CNTY) had its price target decreased by Macquarie from $6.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective would indicate a potential upside of 163.16% from the stock’s previous close.

A number of other brokerages also recently issued reports on CNTY. JMP Securities reissued a “market outperform” rating and set a $5.00 price target on shares of Century Casinos in a report on Monday, January 27th. Stifel Nicolaus lowered their price target on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday. Finally, Craig Hallum assumed coverage on shares of Century Casinos in a report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Stock Down 0.5 %

CNTY stock opened at $1.90 on Friday. The firm’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.12. The company has a market capitalization of $58.30 million, a P/E ratio of -0.78 and a beta of 2.71. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. Century Casinos has a 12 month low of $1.64 and a 12 month high of $5.09.

Hedge Funds Weigh In On Century Casinos

A number of large investors have recently added to or reduced their stakes in CNTY. XTX Topco Ltd acquired a new position in Century Casinos during the fourth quarter worth $51,000. Raymond James Financial Inc. acquired a new position in Century Casinos during the fourth quarter worth $74,000. Marshall Wace LLP acquired a new position in Century Casinos during the fourth quarter worth $85,000. Wealthedge Investment Advisors LLC acquired a new position in Century Casinos during the fourth quarter worth $112,000. Finally, JB Capital Partners LP acquired a new position in Century Casinos during the fourth quarter worth $124,000. 66.36% of the stock is currently 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.