Century Casinos (NASDAQ:CNTY) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a research report report published on Friday.

CNTY has been the subject of several other reports. JMP Securities lowered Century Casinos from an outperform rating to a market perform rating in a research note on Thursday, January 18th. Macquarie upgraded Century Casinos from a neutral rating to an outperform rating in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $4.00 target price on shares of Century Casinos in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $9.00.

Century Casinos Stock Up 1.0 %

Shares of NASDAQ:CNTY opened at $2.94 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.21 and a debt-to-equity ratio of 4.58. Century Casinos has a 52-week low of $2.46 and a 52-week high of $8.11. The stock’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $3.91. The company has a market capitalization of $89.26 million, a P/E ratio of -3.16 and a beta of 2.61.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.01). Century Casinos had a negative net margin of 5.12% and a negative return on equity of 13.42%. The company had revenue of $143.76 million during the quarter, compared to analysts’ expectations of $142.60 million. During the same quarter in the prior year, the company earned ($0.14) earnings per share. As a group, equities research analysts forecast that Century Casinos will post -1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Century Casinos by 143.7% during the third quarter. Barclays PLC now owns 53,623 shares of the company’s stock worth $275,000 after acquiring an additional 31,619 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of Century Casinos by 187.4% in the third quarter. Quadrature Capital Ltd now owns 31,325 shares of the company’s stock valued at $160,000 after buying an additional 20,426 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Century Casinos by 314.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 93,964 shares of the company’s stock valued at $459,000 after buying an additional 71,276 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Century Casinos in the third quarter valued at about $450,000. Finally, Legato Capital Management LLC grew its stake in shares of Century Casinos by 49.0% in the third quarter. Legato Capital Management LLC now owns 14,975 shares of the company’s stock valued at $77,000 after buying an additional 4,923 shares in the last quarter. 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.