Century Casinos (NASDAQ:CNTY) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Century Casinos (NASDAQ:CNTY) in a report released on Monday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

Several other brokerages also recently issued reports on CNTY. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Craig Hallum began coverage on shares of Century Casinos in a report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Performance

NASDAQ:CNTY opened at $3.02 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $92.66 million, a P/E ratio of -1.24 and a beta of 2.64. The firm has a 50-day moving average price of $3.48 and a two-hundred day moving average price of $3.03. Century Casinos has a twelve month low of $1.94 and a twelve month high of $5.09.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CNTY. Geode Capital Management LLC increased its position in Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after purchasing an additional 5,220 shares during the last quarter. RBF Capital LLC grew its stake in shares of Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock valued at $946,000 after buying an additional 69,349 shares during the period. Empowered Funds LLC increased its holdings in shares of Century Casinos by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after buying an additional 3,752 shares during the last quarter. Royce & Associates LP raised its position in shares of Century Casinos by 2.2% in the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after buying an additional 61,522 shares during the period. Finally, Rice Hall James & Associates LLC boosted its holdings in Century Casinos by 27.1% in the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after acquiring an additional 325,890 shares during the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

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.