Century Casinos (NASDAQ:CNTY) Raised to “Hold” at StockNews.com

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

Several other analysts also recently 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 price objective for the company in a research note on Tuesday. Stifel Nicolaus raised their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Macquarie decreased their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Friday, August 9th.

Century Casinos Trading Up 7.3 %

CNTY traded up $0.27 on Tuesday, hitting $3.97. The company had a trading volume of 399,037 shares, compared to its average volume of 140,300. The company has a market cap of $121.81 million, a PE ratio of -1.63 and a beta of 2.55. Century Casinos has a 12-month low of $1.94 and a 12-month high of $5.05. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. The business’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.66.

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

Hedge Funds Weigh In On Century Casinos

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in Century Casinos by 8.1% in the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after buying an additional 5,042 shares in the last quarter. Sei Investments Co. bought a new position in Century Casinos in the second quarter worth approximately $32,000. Vanguard Group Inc. raised its stake in Century Casinos by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after buying an additional 13,372 shares in the last quarter. Quadrature Capital Ltd bought a new position in Century Casinos in the first quarter worth approximately $51,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Century Casinos by 38.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after buying an additional 18,869 shares in the last quarter. 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.