Century Casinos (NASDAQ:CNTY) Earns "Market Outperform" Rating from JMP Securities

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

CNTY has been the topic of a number of other research reports. StockNews.com upgraded Century Casinos from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Craig Hallum began coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.50.

Century Casinos Stock Performance

NASDAQ:CNTY traded down $0.03 during mid-day trading on Thursday, reaching $2.92. 30,842 shares of the company's stock were exchanged, compared to its average volume of 60,264. 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 firm has a market capitalization of $89.59 million, a PE ratio of -1.20 and a beta of 2.64. Century Casinos has a one year low of $1.94 and a one year high of $5.09. The business's fifty day simple moving average is $3.73 and its two-hundred day simple moving average is $2.99.

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

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC boosted its position in 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 valued at $3,917,000 after buying an additional 325,890 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Century Casinos in the 2nd quarter valued at $215,000. RBF Capital LLC grew its position in Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company's stock worth $946,000 after acquiring an additional 69,349 shares during the last quarter. Royce & Associates LP increased its holdings in Century Casinos by 2.2% in the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company's stock worth $7,414,000 after purchasing an additional 61,522 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Century Casinos by 64.0% in the second 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 during the last quarter. 66.36% of the stock is 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.