Craig Hallum Begins Coverage on Century Casinos (NASDAQ:CNTY)

Craig Hallum started coverage on shares of Century Casinos (NASDAQ:CNTY) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $8.00 price objective on the stock.

CNTY has been the subject of several other research reports. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. JMP Securities upgraded Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Tuesday, November 5th. Macquarie reduced their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Stifel Nicolaus increased their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Price Performance

Shares of CNTY opened at $4.47 on Tuesday. The company has a 50 day moving average of $3.28 and a two-hundred day moving average of $2.81. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos has a twelve month low of $1.94 and a twelve month high of $5.09. The company has a market cap of $137.14 million, a price-to-earnings ratio of -1.84 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). The business had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. During the same quarter in the prior year, the firm earned ($0.47) earnings per share. As a group, analysts predict that Century Casinos will post -2.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its position in Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after acquiring an additional 3,752 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Century Casinos by 1.9% in the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock valued at $726,000 after purchasing an additional 5,220 shares during the period. Sei Investments Co. acquired a new position in shares of Century Casinos in the second quarter valued at approximately $32,000. Vanguard Group Inc. increased its stake in Century Casinos by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after buying an additional 13,372 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Century Casinos during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds 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.