Century Casinos (NASDAQ:CNTY - Free Report) had its price objective lowered by Macquarie from $6.00 to $5.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.
CNTY has been the subject of several other research reports. JMP Securities reissued a "market outperform" rating and issued a $5.00 price target on shares of Century Casinos in a research note on Monday, January 27th. Stifel Nicolaus dropped their target price on shares of Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday. Finally, Craig Hallum initiated coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a "buy" rating and a $8.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.50.
Read Our Latest Stock Report on Century Casinos
Century Casinos Trading Down 2.7 %
Shares of Century Casinos stock traded down $0.06 during mid-day trading on Friday, hitting $1.99. The stock had a trading volume of 25,037 shares, compared to its average volume of 67,985. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $3.12. Century Casinos has a 12-month low of $1.64 and a 12-month high of $5.09. 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 firm has a market cap of $61.18 million, a P/E ratio of -0.82 and a beta of 2.71.
Hedge Funds Weigh In On Century Casinos
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNTY. XTX Topco Ltd purchased a new position in Century Casinos in the 4th quarter valued at approximately $51,000. Raymond James Financial Inc. purchased a new stake in shares of Century Casinos during the 4th quarter worth $74,000. Marshall Wace LLP purchased a new stake in shares of Century Casinos during the 4th quarter worth $85,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of Century Casinos during the 4th quarter worth $112,000. Finally, JB Capital Partners LP purchased a new stake in shares of Century Casinos during the 4th quarter worth $124,000. Hedge funds and other institutional investors own 66.36% of the company's stock.
Century Casinos Company Profile
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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.
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