Century Casinos (NASDAQ:CNTY) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Century Casinos (NASDAQ:CNTY) from a sell rating to a hold rating in a report released on Tuesday.

CNTY has been the topic of several other reports. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Tuesday. Macquarie decreased their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday.

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $3.97 on Tuesday. The business has a fifty day moving average price of $2.67 and a 200-day moving average price of $2.66. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. The company has a market capitalization of $121.81 million, a PE ratio of -1.63 and a beta of 2.55. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data 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). The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $158.10 million. Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. During the same quarter in the prior year, the business posted ($0.47) earnings per share. As a group, equities analysts expect that Century Casinos will post -2.33 EPS 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 business. Nokomis Capital L.L.C. grew its position in Century Casinos by 9.3% during the first quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock valued at $6,174,000 after buying an additional 165,452 shares during the period. Vanguard Group Inc. grew its position in shares of Century Casinos by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after acquiring an additional 13,372 shares during the period. Rice Hall James & Associates LLC grew its position in shares of Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after acquiring an additional 325,890 shares during the period. GSA Capital Partners LLP increased its stake in shares of Century Casinos by 214.6% in the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after purchasing an additional 100,333 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after purchasing an additional 45,695 shares during the period. Hedge funds and other institutional investors own 66.36% of the company’s stock.

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.