Century Casinos, Inc. (NASDAQ:CNTY) Receives $5.00 Consensus Price Target from Analysts

Century Casinos, Inc. (NASDAQ:CNTY) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.00.

A number of research firms have recently commented on CNTY. Citigroup reaffirmed a “market outperform” rating on shares of Century Casinos in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Century Casinos in a research report on Tuesday, October 14th. JMP Securities set a $3.00 price target on Century Casinos in a research report on Friday, July 18th. Finally, Stifel Nicolaus set a $4.00 price target on Century Casinos in a research report on Tuesday, October 21st.

Century Casinos Trading Down 2.3%

NASDAQ CNTY opened at $2.15 on Friday. The firm has a market cap of $64.54 million, a P/E ratio of -0.63 and a beta of 2.00. The company has a debt-to-equity ratio of 20.62, a current ratio of 1.42 and a quick ratio of 1.37. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.21. Century Casinos has a one year low of $1.30 and a one year high of $5.09.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The business had revenue of $150.82 million for the quarter, compared to analyst estimates of $148.70 million. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%. 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 company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Century Casinos by 21.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company’s stock worth $1,286,000 after buying an additional 132,700 shares in the last quarter. Mink Brook Asset Management LLC bought a new position in shares of Century Casinos during the first quarter worth about $203,000. Goldman Sachs Group Inc. grew its holdings in shares of Century Casinos by 35.8% during the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after buying an additional 30,998 shares in the last quarter. AWM Investment Company Inc. grew its holdings in shares of Century Casinos by 22.3% during the first quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company’s stock worth $3,486,000 after buying an additional 375,761 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC grew its holdings in shares of Century Casinos by 330.9% during the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock worth $252,000 after buying an additional 114,431 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors.

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.