Craig Hallum Initiates Coverage on Century Casinos (NASDAQ:CNTY)

Craig Hallum started coverage on shares of Century Casinos (NASDAQ:CNTY - Free Report) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $8.00 target price on the stock.

Several other equities analysts have also weighed in on CNTY. Macquarie reduced their target price on shares of Century Casinos from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Stifel Nicolaus upped 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. StockNews.com raised shares of Century Casinos from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, JMP Securities upgraded shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.50.

Century Casinos Trading Up 4.7 %

Shares of NASDAQ CNTY traded up $0.21 during trading on Tuesday, hitting $4.66. 251,494 shares of the company traded hands, compared to its average volume of 139,079. The firm has a market capitalization of $142.97 million, a P/E ratio of -1.96 and a beta of 2.55. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The company has a 50-day moving average price of $3.19 and a 200-day moving average price of $2.78. Century Casinos has a 1 year low of $1.94 and a 1 year high of $5.09.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in shares of Century Casinos in the 2nd quarter worth about $32,000. Quadrature Capital Ltd acquired a new position in Century Casinos in the first quarter worth about $51,000. Virtu Financial LLC bought a new stake in Century Casinos in the first quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Century Casinos during the second quarter valued at approximately $103,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Century Casinos by 38.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company's stock worth $215,000 after buying an additional 18,869 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors.

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.