Century Casinos (NASDAQ:CNTY) Raised to Outperform at JMP Securities

Century Casinos (NASDAQ:CNTY) was upgraded by investment analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a report released on Tuesday, MarketBeat.com reports. The firm currently has a $5.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 29.20% from the stock’s previous close.

Separately, Macquarie reduced their price target on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $3.87 on Tuesday. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05. The business has a 50-day moving average of $2.70 and a 200-day moving average of $2.67. 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 $118.74 million, a price-to-earnings ratio of -1.59 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The company had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. During the same period in the previous year, the company earned ($0.47) EPS. On average, equities analysts anticipate that Century Casinos will post -2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CNTY. Rice Hall James & Associates LLC lifted its holdings in 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 worth $3,917,000 after buying an additional 325,890 shares during the last quarter. Nokomis Capital L.L.C. raised its position in shares of Century Casinos by 9.3% during the 1st quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock worth $6,174,000 after purchasing an additional 165,452 shares during the period. GSA Capital Partners LLP raised its position in shares of Century Casinos by 214.6% during 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 during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Century Casinos during the 2nd quarter worth approximately $215,000. Finally, Royce & Associates LP raised its position in shares of Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after purchasing an additional 61,522 shares during the period. 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.