Century Casinos (NASDAQ:CNTY) Given Market Outperform Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Century Casinos (NASDAQ:CNTY - Free Report) in a report published on Monday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Century Casinos from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Craig Hallum began coverage on Century Casinos in a research report on Tuesday, November 26th. They set a "buy" rating and a $8.00 price target on the stock. Finally, StockNews.com raised Century Casinos from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Century Casinos currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.50.

Century Casinos Trading Down 2.3 %

Shares of NASDAQ CNTY traded down $0.07 during trading hours on Monday, hitting $3.01. The company's stock had a trading volume of 40,440 shares, compared to its average volume of 56,415. Century Casinos has a 12 month low of $1.94 and a 12 month high of $5.09. The stock has a market cap of $92.35 million, a price-to-earnings ratio of -1.24 and a beta of 2.64. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The business has a 50-day simple moving average of $3.53 and a 200-day simple moving average of $3.03.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The business had revenue of $155.70 million for the quarter, compared to analysts' expectations of $158.10 million. Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. During the same period last year, the firm posted ($0.47) earnings per share. On average, analysts anticipate that Century Casinos will post -2.39 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

Several hedge funds and other institutional investors have recently made changes to their positions in CNTY. Sei Investments Co. purchased a new stake in shares of Century Casinos in the second quarter worth $32,000. Cubist Systematic Strategies LLC purchased a new stake in Century Casinos during the 2nd quarter valued at about $215,000. Squarepoint Ops LLC increased its stake in Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company's stock valued at $324,000 after purchasing an additional 45,695 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Century Casinos in the second quarter worth about $103,000. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Century Casinos by 27.1% in the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company's stock worth $3,917,000 after buying an additional 325,890 shares in the last quarter. Hedge funds and other institutional investors own 66.36% of the company's stock.

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.