Century Casinos (NASDAQ:CNTY) Lowered to "Sell" Rating by StockNews.com

Century Casinos (NASDAQ:CNTY - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.

CNTY has been the subject of several other reports. Stifel Nicolaus lowered their price target on Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday, March 14th. Craig Hallum started coverage on Century Casinos in a report on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price target for the company. Macquarie lowered their price target on Century Casinos from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, JMP Securities reissued a "market outperform" rating and issued a $5.00 price objective on shares of Century Casinos in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, Century Casinos has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Century Casinos Stock Down 2.2 %

NASDAQ CNTY traded down $0.04 during trading hours on Tuesday, hitting $1.80. The company had a trading volume of 81,028 shares, compared to its average volume of 115,224. Century Casinos has a fifty-two week low of $1.64 and a fifty-two week high of $5.09. The company has a market capitalization of $55.23 million, a price-to-earnings ratio of -0.74 and a beta of 2.71. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The firm's 50 day moving average is $2.80 and its 200 day moving average is $3.10.

Remove Ads

Hedge Funds Weigh In On Century Casinos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company's stock worth $194,000 after purchasing an additional 3,752 shares during the last quarter. RBF Capital LLC lifted its position in shares of Century Casinos by 23.1% during the third quarter. RBF Capital LLC now owns 369,349 shares of the company's stock worth $946,000 after purchasing an additional 69,349 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company's stock worth $726,000 after purchasing an additional 5,220 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Century Casinos by 5.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company's stock worth $5,251,000 after purchasing an additional 90,556 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Century Casinos during the fourth quarter worth about $74,000. 66.36% of the stock is owned by hedge funds and other 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.