Analysts Set Century Casinos, Inc. (NASDAQ:CNTY) Target Price at $3.67

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.6667.

CNTY has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th. Stifel Nicolaus reduced their price objective 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.

Century Casinos Stock Up 2.6%

CNTY opened at $1.56 on Tuesday. Century Casinos has a fifty-two week low of $1.23 and a fifty-two week high of $3.26. The firm has a market capitalization of $45.93 million, a P/E ratio of -0.44 and a beta of 1.95. The company’s 50-day moving average is $1.47 and its 200 day moving average is $2.00. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.44 and a quick ratio of 1.39.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.35) earnings per share (EPS) 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 firm had revenue of $153.72 million during the quarter, compared to the consensus estimate of $165.70 million. Research analysts expect that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

A number of large investors have recently added to or reduced their stakes in CNTY. Legato Capital Management LLC purchased a new position in Century Casinos in the fourth quarter valued at about $25,000. CIBC Bancorp USA Inc. bought a new stake in shares of Century Casinos in the 3rd quarter worth approximately $26,000. Franklin Resources Inc. purchased a new position in Century Casinos in the third quarter valued at approximately $34,000. XTX Topco Ltd bought a new position in Century Casinos during the second quarter valued at $51,000. Finally, NewEdge Advisors LLC bought a new position in Century Casinos during the third quarter valued at $117,000. Hedge funds and other 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.