TheStreet Lowers Century Casinos (NASDAQ:CNTY) to D+

TheStreet downgraded shares of Century Casinos (NASDAQ:CNTYGet Rating) from a c rating to a d+ rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

Several other equities research analysts also recently issued reports on CNTY. Stifel Nicolaus dropped their price objective on Century Casinos from $20.00 to $13.00 in a report on Monday, August 8th. JMP Securities dropped their price objective on Century Casinos from $15.00 to $13.00 and set a market outperform rating on the stock in a report on Monday, November 7th. B. Riley dropped their price objective on Century Casinos from $16.00 to $13.00 in a report on Monday, November 7th. Finally, StockNews.com downgraded Century Casinos from a strong-buy rating to a buy rating in a report on Tuesday, November 8th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $13.00.

Century Casinos Stock Performance

Shares of NASDAQ:CNTY opened at $7.98 on Tuesday. The company has a market cap of $238.28 million, a P/E ratio of 15.65 and a beta of 2.63. The company has a debt-to-equity ratio of 4.10, a quick ratio of 4.01 and a current ratio of 4.03. Century Casinos has a one year low of $6.10 and a one year high of $14.80. The business’s 50-day simple moving average is $7.30 and its 200 day simple moving average is $7.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC boosted its position in Century Casinos by 2.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 87,938 shares of the company’s stock valued at $633,000 after purchasing an additional 2,195 shares during the period. Rice Hall James & Associates LLC boosted its position in Century Casinos by 0.5% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,503,473 shares of the company’s stock valued at $10,825,000 after purchasing an additional 7,168 shares during the period. Amalgamated Bank acquired a new position in Century Casinos during the 1st quarter worth $53,000. State Board of Administration of Florida Retirement System boosted its position in Century Casinos by 56.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,319 shares of the company’s stock worth $709,000 after acquiring an additional 21,459 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its position in Century Casinos by 39.5% during the 1st quarter. Monarch Partners Asset Management LLC now owns 227,125 shares of the company’s stock worth $2,714,000 after acquiring an additional 64,350 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Century Casinos Company Profile

(Get Rating)

Century Casinos, Inc is an international casino entertainment company, which engages in the development and operation of gaming establishments, lodging, restaurant, horse racing, and entertainment facilities. It operates through the following segments: Canada, United States, Poland, and Corporate and Other.

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