Stifel Nicolaus Lowers Century Casinos (NASDAQ:CNTY) Price Target to $3.00

Century Casinos (NASDAQ:CNTY) had its price objective reduced by research analysts at Stifel Nicolaus from $4.00 to $3.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 73.41% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup reissued a “market outperform” rating on shares of Century Casinos in a research report on Friday, July 18th. JMP Securities set a $3.00 target price on Century Casinos in a report on Friday, July 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Century Casinos in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.75.

Century Casinos Stock Up 7.5%

Shares of Century Casinos stock opened at $1.73 on Wednesday. The business has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $2.25. The stock has a market cap of $51.93 million, a PE ratio of -0.50 and a beta of 1.96. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 20.62. Century Casinos has a 12 month low of $1.30 and a 12 month high of $5.09.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). The company had revenue of $157.95 million during the quarter, compared to the consensus estimate of $165.70 million. Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. Research analysts predict that Century Casinos will post -2.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. raised its stake in Century Casinos by 22.3% in the first quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company’s stock valued at $3,486,000 after buying an additional 375,761 shares during the period. Fidelity National Financial Inc. bought a new position in Century Casinos during the 3rd quarter worth $420,000. Mink Brook Asset Management LLC bought a new stake in Century Casinos during the first quarter worth about $203,000. Wealthedge Investment Advisors LLC increased its stake in Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock valued at $252,000 after acquiring an additional 114,431 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after buying an additional 30,998 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Century Casinos Company Profile

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.