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

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.6667.

A number of research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Century Casinos in a research report on Monday, December 29th. Stifel Nicolaus cut their price objective 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

Several large investors have recently made changes to their positions in CNTY. CIBC Bancorp USA Inc. acquired a new stake in Century Casinos in the third quarter worth about $26,000. Franklin Resources Inc. purchased a new position in shares of Century Casinos in the 3rd quarter valued at approximately $34,000. XTX Topco Ltd purchased a new position in shares of Century Casinos in the 2nd quarter valued at approximately $51,000. NewEdge Advisors LLC acquired a new stake in Century Casinos in the 3rd quarter worth approximately $117,000. Finally, Squarepoint Ops LLC grew its position in Century Casinos by 18.5% during the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after purchasing an additional 11,793 shares during the last quarter. 66.36% of the stock is owned by institutional investors.

Century Casinos Price Performance

Shares of CNTY stock opened at $1.50 on Tuesday. Century Casinos has a twelve month low of $1.23 and a twelve month high of $3.26. The stock has a market capitalization of $44.16 million, a price-to-earnings ratio of -0.42 and a beta of 1.95. The stock has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $2.02. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $153.72 million for the quarter, compared to analysts’ expectations of $165.70 million. On average, analysts predict that Century Casinos will post -2.66 EPS for the current fiscal year.

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.