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

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

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

Century Casinos Stock Performance

Century Casinos stock opened at $1.58 on Friday. The firm has a market cap of $46.52 million, a price-to-earnings ratio of -0.45 and a beta of 1.92. Century Casinos has a 1 year low of $1.23 and a 1 year high of $3.28. The firm’s 50 day moving average price is $1.49 and its two-hundred day moving average price is $2.11. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44.

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

Institutional Investors Weigh In On Century Casinos

Several hedge funds have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in Century Casinos during the 3rd quarter valued at about $26,000. Franklin Resources Inc. acquired a new stake in shares of Century Casinos during the third quarter worth approximately $34,000. XTX Topco Ltd purchased a new position in Century Casinos during the second quarter valued at approximately $51,000. NewEdge Advisors LLC purchased a new position in Century Casinos during the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC increased its stake 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 owned by hedge funds and other institutional investors.

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.