Century Casinos, Inc. (NASDAQ:CNTY) Receives $3.67 Average PT from Analysts

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $3.6667.

A number of brokerages have commented on CNTY. Weiss Ratings restated a “sell (d-)” rating on shares of Century Casinos in a research report on Monday, December 29th. Stifel Nicolaus reduced their price target on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th.

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $1.58 on Friday. The company’s fifty day moving average is $1.48 and its two-hundred day moving average is $2.11. The company has a market cap of $46.52 million, a P/E ratio of -0.45 and a beta of 1.92. Century Casinos has a 12-month low of $1.23 and a 12-month high of $3.28. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.07). Century Casinos had a negative return on equity of 165.48% and a negative net margin of 18.92%.The business had revenue of $153.72 million during the quarter, compared to analyst estimates of $165.70 million. Equities analysts expect that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

A number of institutional investors have recently modified their holdings of CNTY. CIBC Bancorp USA Inc. purchased a new position in shares of Century Casinos during the 3rd quarter valued at $26,000. Franklin Resources Inc. acquired a new stake in Century Casinos during the third quarter valued at $34,000. XTX Topco Ltd purchased a new position in Century Casinos in the second quarter valued at about $51,000. NewEdge Advisors LLC acquired a new position in Century Casinos in the 3rd quarter worth about $117,000. Finally, Squarepoint Ops LLC increased its position in Century Casinos by 18.5% in the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after purchasing an additional 11,793 shares during the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

About Century Casinos

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.