Century Casinos (NASDAQ:CNTY) Rating Increased to Hold at StockNews.com

Century Casinos (NASDAQ:CNTY) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other analysts have also weighed in on CNTY. JMP Securities lowered Century Casinos from an “outperform” rating to a “market perform” rating in a report on Thursday, January 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $4.00 target price on shares of Century Casinos in a research note on Monday, April 8th. Finally, Macquarie upgraded Century Casinos from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Century Casinos Trading Down 2.7 %

CNTY stock opened at $3.26 on Thursday. Century Casinos has a 1-year low of $2.46 and a 1-year high of $8.11. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.21 and a quick ratio of 2.16. The company has a market capitalization of $98.97 million, a price-to-earnings ratio of -3.51 and a beta of 2.61. The business has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $3.98.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Thursday, March 14th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.01). The firm had revenue of $143.76 million for the quarter, compared to the consensus estimate of $142.60 million. Century Casinos had a negative net margin of 5.12% and a negative return on equity of 13.42%. During the same quarter in the prior year, the company posted ($0.14) earnings per share. Research analysts anticipate that Century Casinos will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its position in shares of Century Casinos by 671.5% during the 4th quarter. UBS Group AG now owns 6,689 shares of the company’s stock worth $47,000 after buying an additional 5,822 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Century Casinos by 812.7% during the third quarter. Tower Research Capital LLC TRC now owns 10,605 shares of the company’s stock valued at $54,000 after purchasing an additional 9,443 shares in the last quarter. Citigroup Inc. bought a new stake in Century Casinos during the second quarter valued at about $61,000. BNP Paribas Arbitrage SA boosted its position in Century Casinos by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 9,486 shares of the company’s stock valued at $68,000 after purchasing an additional 3,157 shares in the last quarter. Finally, Legato Capital Management LLC boosted its position in Century Casinos by 49.0% during the third quarter. Legato Capital Management LLC now owns 14,975 shares of the company’s stock valued at $77,000 after purchasing an additional 4,923 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

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.