Century Casinos (NASDAQ:CNTY) Price Target Lowered to $3.00 at JMP Securities

Century Casinos (NASDAQ:CNTY) had its price target trimmed by JMP Securities from $4.00 to $3.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

CNTY has been the topic of several other research reports. Stifel Nicolaus lowered their price target on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, March 14th. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Macquarie reduced their target price on Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Century Casinos Price Performance

NASDAQ CNTY opened at $1.77 on Tuesday. The company has a 50 day simple moving average of $1.60 and a 200-day simple moving average of $2.79. 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 firm has a market capitalization of $54.31 million, a price-to-earnings ratio of -0.73 and a beta of 2.02. Century Casinos has a 52-week low of $1.30 and a 52-week high of $5.09.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.11). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The company had revenue of $130.44 million during the quarter, compared to analysts’ expectations of $139.55 million. During the same period last year, the company earned ($0.46) earnings per share. Equities research analysts predict that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Several institutional investors have recently bought and sold shares of the company. Rice Hall James & Associates LLC grew its stake in Century Casinos by 5.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock valued at $5,251,000 after buying an additional 90,556 shares during the last quarter. Raymond James Financial Inc. bought a new position in Century Casinos in the fourth quarter valued at about $74,000. Royce & Associates LP raised its position in shares of Century Casinos by 2.7% during the fourth 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 last quarter. JB Capital Partners LP bought a new position in shares of Century Casinos during the fourth quarter worth about $124,000. Finally, Renaissance Technologies LLC grew its stake in Century Casinos by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company’s stock worth $554,000 after purchasing an additional 3,800 shares during the period. 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.