Century Casinos, Inc. (NASDAQ:CNTY) Receives $3.67 Consensus PT from Brokerages

Century Casinos, Inc. (NASDAQ:CNTY) has earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.6667.

Several research firms have recently commented on CNTY. Stifel Nicolaus reduced their target price on Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th.

Century Casinos Stock Up 1.2%

Shares of Century Casinos stock opened at $1.64 on Friday. Century Casinos has a 1-year low of $1.23 and a 1-year high of $3.28. The company has a market capitalization of $48.28 million, a PE ratio of -0.46 and a beta of 1.92. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.44 and a quick ratio of 1.39. The business has a 50-day moving average of $1.47 and a 200-day moving average of $2.10.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. The business had revenue of $153.72 million during the quarter, compared to analysts’ expectations of $165.70 million. As a group, equities analysts forecast that Century Casinos will post -2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Several large investors have recently modified their holdings of CNTY. Assenagon Asset Management S.A. increased its holdings in Century Casinos by 12.4% in the third quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock valued at $229,000 after buying an additional 9,654 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Century Casinos in the 3rd quarter worth approximately $26,000. Squarepoint Ops LLC increased its holdings in shares of Century Casinos by 18.5% in the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after acquiring an additional 11,793 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Century Casinos during the 3rd quarter valued at approximately $34,000. Finally, Mink Brook Asset Management LLC lifted its stake in Century Casinos by 13.3% during the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after purchasing an additional 16,004 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.