Analysts Set Century Casinos, Inc. (NASDAQ:CNTY) Price Target at $5.00

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.00.

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a research report on Saturday, September 27th. JMP Securities set a $3.00 price target on shares of Century Casinos in a research note on Friday, July 18th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Century Casinos in a research note on Friday, July 18th.

Hedge Funds Weigh In On Century Casinos

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AWM Investment Company Inc. lifted its stake in shares of Century Casinos by 22.3% in the 1st quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company’s stock valued at $3,486,000 after purchasing an additional 375,761 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Century Casinos by 21.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company’s stock valued at $1,286,000 after acquiring an additional 132,700 shares during the period. Mink Brook Asset Management LLC bought a new stake in Century Casinos during the first quarter worth about $203,000. Wealthedge Investment Advisors LLC grew its holdings in Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock worth $252,000 after purchasing an additional 114,431 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Century Casinos by 120.4% during the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company’s stock valued at $200,000 after purchasing an additional 33,635 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

Century Casinos Stock Up 0.4%

CNTY opened at $2.66 on Wednesday. The business’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $2.13. Century Casinos has a 52 week low of $1.30 and a 52 week high of $5.09. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 20.62. The stock has a market cap of $79.85 million, a PE ratio of -0.77 and a beta of 2.00.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $150.82 million for the quarter, compared to the consensus estimate of $148.70 million. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%. As a group, research analysts expect that Century Casinos will post -2.66 earnings per share for the current fiscal year.

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.