Century Casinos, Inc. (NASDAQ:CNTY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.6667.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 15th. Stifel Nicolaus decreased their target price on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new stake in Century Casinos during the third quarter worth $26,000. Franklin Resources Inc. purchased a new position in shares of Century Casinos during the 3rd quarter worth $34,000. XTX Topco Ltd purchased a new position in shares of Century Casinos during the 2nd quarter worth $51,000. NewEdge Advisors LLC acquired a new stake in shares of Century Casinos during the 3rd quarter worth about $117,000. Finally, Squarepoint Ops LLC raised its holdings in 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 buying an additional 11,793 shares during the period. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

Century Casinos Price Performance

NASDAQ:CNTY opened at $1.36 on Monday. Century Casinos has a one year low of $1.23 and a one year high of $3.52. The stock has a market cap of $40.04 million, a PE ratio of -0.39 and a beta of 1.92. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $2.19.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). Century Casinos had a negative return on equity of 165.48% and a negative net margin of 18.92%.The company had revenue of $153.72 million for the quarter, compared to analyst estimates of $165.70 million. Equities research analysts expect that Century Casinos will post -2.66 EPS for the current fiscal year.

About Century Casinos

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.