Century Casinos (NASDAQ:CNTY) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Century Casinos, Inc. (NASDAQ:CNTY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.01 and traded as high as $3.05. Century Casinos shares last traded at $3.01, with a volume of 29,686 shares changing hands.

Wall Street Analyst Weigh In

CNTY has been the subject of a number of recent analyst reports. Craig Hallum initiated coverage on Century Casinos in a report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target for the company. Stifel Nicolaus raised their target price on 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 Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $5.00 price objective on shares of Century Casinos in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Century Casinos Stock Performance

The firm has a market cap of $94.49 million, a P/E ratio of -1.27 and a beta of 2.64. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The company’s 50-day moving average is $3.56 and its two-hundred day moving average is $3.02.

Century Casinos (NASDAQ:CNTY) last posted its 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 company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. During the same quarter in the prior year, the business earned ($0.47) EPS. As a group, equities analysts predict that Century Casinos, Inc. will post -2.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CNTY. Rice Hall James & Associates LLC grew its stake in Century Casinos by 27.1% in 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 purchasing an additional 325,890 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Century Casinos during the second quarter worth about $215,000. RBF Capital LLC boosted its holdings in Century Casinos by 23.1% in the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after buying an additional 69,349 shares during the period. Royce & Associates LP raised its holdings in Century Casinos by 2.2% during the 3rd 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 during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Century Casinos by 64.0% during the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after acquiring an additional 45,695 shares in the last quarter. 66.36% of the stock is owned by 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.