Century Casinos (NASDAQ:CNTY) Price Target Lowered to $4.00 at Stifel Nicolaus

Century Casinos (NASDAQ:CNTY - Get Free Report) had its price target decreased by equities researchers at Stifel Nicolaus from $5.00 to $4.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 108.33% from the company's previous close.

CNTY has been the subject of a number of other reports. JMP Securities reiterated a "market outperform" rating and issued a $5.00 price target on shares of Century Casinos in a research note on Monday, January 27th. Craig Hallum started coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.50.

Century Casinos Stock Down 6.3 %

Century Casinos stock traded down $0.13 during midday trading on Friday, reaching $1.92. The company's stock had a trading volume of 73,647 shares, compared to its average volume of 116,778. The stock's 50-day simple moving average is $2.89 and its 200-day simple moving average is $3.12. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. Century Casinos has a 52-week low of $1.64 and a 52-week high of $5.09. The stock has a market capitalization of $58.91 million, a P/E ratio of -0.79 and a beta of 2.71.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC raised its position in 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 valued at $5,251,000 after acquiring an additional 90,556 shares in the last quarter. Geode Capital Management LLC raised its position in Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company's stock valued at $726,000 after acquiring an additional 5,220 shares in the last quarter. Empowered Funds LLC raised its position in Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company's stock valued at $194,000 after acquiring an additional 3,752 shares in the last quarter. Royce & Associates LP raised its position in Century Casinos by 2.2% during the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company's stock valued at $7,414,000 after acquiring an additional 61,522 shares in the last quarter. Finally, RBF Capital LLC raised its position in Century Casinos by 23.1% during the third quarter. RBF Capital LLC now owns 369,349 shares of the company's stock valued at $946,000 after acquiring an additional 69,349 shares in the last quarter. 66.36% of the stock is currently 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.