Analysts Set Century Casinos, Inc. (NASDAQ:CNTY) PT at $5.00

Century Casinos, Inc. (NASDAQ:CNTY) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.00.

Several equities research analysts recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Century Casinos in a report on Friday, July 18th. JMP Securities set a $3.00 price objective on Century Casinos in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Century Casinos in a research note on Saturday, September 27th.

Hedge Funds Weigh In On Century Casinos

A number of hedge funds have recently made changes to their positions in CNTY. Mink Brook Asset Management LLC lifted its holdings in shares of Century Casinos by 13.3% in the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after buying an additional 16,004 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of Century Casinos by 6.4% during the 2nd quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock valued at $4,644,000 after purchasing an additional 132,745 shares during the last quarter. XTX Topco Ltd purchased a new stake in Century Casinos during the 2nd quarter valued at $51,000. Goldman Sachs Group Inc. lifted its position in Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after buying an additional 30,998 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC boosted its stake in Century Casinos by 330.9% during the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock worth $252,000 after buying an additional 114,431 shares during the period. Institutional investors own 66.36% of the company’s stock.

Century Casinos Trading Up 0.4%

NASDAQ CNTY opened at $2.66 on Wednesday. Century Casinos has a 12 month low of $1.30 and a 12 month high of $5.09. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 20.62. The stock’s fifty day moving average price is $2.54 and its 200-day moving average price is $2.13. The stock has a market cap of $79.85 million, a P/E ratio of -0.77 and a beta of 2.00.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The firm had revenue of $150.82 million for the quarter, compared to the consensus estimate of $148.70 million. Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. As a group, equities analysts forecast that Century Casinos will post -2.66 EPS for the current fiscal year.

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.