StockNews.com Upgrades Century Casinos (NASDAQ:CNTY) to Hold

Century Casinos (NASDAQ:CNTY) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also issued reports on CNTY. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research note on Tuesday. Macquarie cut their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Stifel Nicolaus raised their price target on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday.

Century Casinos Trading Down 2.5 %

Century Casinos stock opened at $3.87 on Tuesday. The company has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.67. Century Casinos has a 52 week low of $1.94 and a 52 week high of $5.05. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96. The firm has a market capitalization of $118.74 million, a price-to-earnings ratio of -1.59 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same period in the prior year, the business posted ($0.47) EPS. Research analysts forecast that Century Casinos will post -2.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in Century Casinos by 214.6% in the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after acquiring an additional 100,333 shares during the period. Vanguard Group Inc. raised its holdings in Century Casinos by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after acquiring an additional 13,372 shares during the period. Empowered Funds LLC raised its holdings in Century Casinos by 8.1% in the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after acquiring an additional 5,042 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Century Casinos by 38.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after acquiring an additional 18,869 shares during the period. Finally, Virtu Financial LLC bought a new position in Century Casinos in the 1st quarter worth $66,000. Institutional investors own 66.36% of the company’s stock.

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.