Century Casinos (NASDAQ:CNTY) Coverage Initiated by Analysts at Craig Hallum

Investment analysts at Craig Hallum started coverage on shares of Century Casinos (NASDAQ:CNTY) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Craig Hallum’s price objective points to a potential upside of 78.97% from the stock’s current price.

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

Century Casinos Trading Down 4.1 %

NASDAQ:CNTY opened at $4.47 on Tuesday. Century Casinos has a 1 year low of $1.94 and a 1 year high of $5.09. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The stock has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $2.80. The stock has a market capitalization of $137.14 million, a price-to-earnings ratio of -1.79 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results 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 company had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same period last year, the company earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that Century Casinos will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

A number of institutional investors and hedge funds have recently bought and sold shares of CNTY. Sei Investments Co. purchased a new position in Century Casinos during the second quarter worth $32,000. Quadrature Capital Ltd acquired a new stake in shares of Century Casinos during the first quarter valued at $51,000. Virtu Financial LLC purchased a new stake in Century Casinos during the 1st quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Century Casinos in the 2nd quarter valued at about $103,000. Finally, Empowered Funds LLC raised its stake in Century Casinos by 5.2% in 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 during the last quarter. 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.