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

Century Casinos (NASDAQ:CNTY) had its target price lowered by Stifel Nicolaus from $5.00 to $4.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Craig Hallum started coverage on Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $5.00 price objective on shares of Century Casinos in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Trading Down 0.5 %

Shares of NASDAQ:CNTY opened at $1.90 on Friday. Century Casinos has a 1 year low of $1.64 and a 1 year high of $5.09. The firm has a market capitalization of $58.30 million, a price-to-earnings 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. The business’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC raised its holdings in shares of Century Casinos by 5.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock worth $5,251,000 after acquiring an additional 90,556 shares during the period. Royce & Associates LP raised its holdings in shares of Century Casinos by 2.7% during the 4th quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock worth $9,639,000 after acquiring an additional 79,086 shares during the period. RBF Capital LLC raised its holdings in shares of Century Casinos by 23.1% during 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 period. AWM Investment Company Inc. raised its holdings in shares of Century Casinos by 2.6% during the 4th quarter. AWM Investment Company Inc. now owns 1,687,043 shares of the company’s stock worth $5,466,000 after acquiring an additional 43,006 shares during the period. Finally, JB Capital Partners LP purchased a new position in shares of Century Casinos during the 4th quarter worth $124,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

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.