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

Century Casinos, Inc. (NASDAQ:CNTY) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.6667.

A number of brokerages have recently issued reports on CNTY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 8th. Stifel Nicolaus dropped their price target on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th.

Century Casinos Price Performance

Shares of CNTY opened at $1.31 on Monday. Century Casinos has a 12-month low of $1.30 and a 12-month high of $3.93. The business’s fifty day moving average is $1.83 and its 200 day moving average is $2.22. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 83.68. The stock has a market cap of $38.57 million, a P/E ratio of -0.37 and a beta of 1.92.

Century Casinos (NASDAQ:CNTY) last announced 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 for the quarter, compared to the consensus estimate of $165.70 million. Sell-side analysts anticipate that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new stake in Century Casinos during the third quarter worth $26,000. Franklin Resources Inc. bought a new position in Century Casinos during the 3rd quarter valued at $34,000. XTX Topco Ltd purchased a new position in Century Casinos during the 2nd quarter worth $51,000. NewEdge Advisors LLC purchased a new position in Century Casinos during the 3rd quarter worth $117,000. Finally, Squarepoint Ops LLC grew its stake 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 worth $197,000 after acquiring an additional 11,793 shares in the last quarter. Hedge funds and other 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.