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

Century Casinos, Inc. (NASDAQ:CNTY) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com 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 objective among analysts that have covered the stock in the last year is $3.6667.

CNTY has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Century Casinos in a research note on Monday, December 29th. Stifel Nicolaus lowered their price objective on Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th.

Century Casinos Trading Up 0.6%

NASDAQ CNTY opened at $1.67 on Friday. The company has a market cap of $49.16 million, a price-to-earnings ratio of -0.47 and a beta of 1.92. Century Casinos has a twelve month low of $1.23 and a twelve month high of $3.28. 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 business’s fifty day moving average is $1.46 and its 200 day moving average is $2.09.

Century Casinos (NASDAQ:CNTY) last posted its 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 during the quarter, compared to the consensus estimate of $165.70 million. As a group, sell-side analysts expect that Century Casinos will post -2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position 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 valued at $199,000 after acquiring an additional 30,998 shares during the last quarter. AWM Investment Company Inc. raised its position in shares of Century Casinos by 6.4% in the second quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock worth $4,644,000 after buying an additional 132,745 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Century Casinos by 12.4% during the third quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock valued at $229,000 after buying an additional 9,654 shares during the period. Fidelity National Financial Inc. bought a new stake in Century Casinos during the third quarter valued at $420,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Century Casinos during the third quarter worth about $26,000. Institutional investors own 66.36% of the company’s stock.

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.