Century Casinos (NASDAQ:CNTY) Upgraded by StockNews.com to Hold

Century Casinos (NASDAQ:CNTY) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and set a $4.00 price target on shares of Century Casinos in a research report on Monday, April 8th. Macquarie raised shares of Century Casinos from a “neutral” rating to an “outperform” rating in a research report on Wednesday. Finally, JMP Securities cut shares of Century Casinos from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Century Casinos Price Performance

Shares of Century Casinos stock opened at $3.26 on Thursday. Century Casinos has a 52-week low of $2.46 and a 52-week high of $8.11. The stock has a market capitalization of $98.97 million, a price-to-earnings ratio of -3.51 and a beta of 2.61. The company has a fifty day moving average of $3.02 and a 200-day moving average of $3.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 2.16 and a current ratio of 2.21.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.01). Century Casinos had a negative net margin of 5.12% and a negative return on equity of 13.42%. The business had revenue of $143.76 million during the quarter, compared to analysts’ expectations of $142.60 million. During the same period last year, the company posted ($0.14) EPS. Equities research analysts expect that Century Casinos will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CNTY. American Century Companies Inc. increased its stake in shares of Century Casinos by 33.9% in the 1st quarter. American Century Companies Inc. now owns 60,716 shares of the company’s stock worth $726,000 after acquiring an additional 15,356 shares in the last quarter. MetLife Investment Management LLC increased its stake in Century Casinos by 55.5% during the 1st quarter. MetLife Investment Management LLC now owns 15,389 shares of the company’s stock valued at $184,000 after purchasing an additional 5,490 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Century Casinos by 35.5% during the 1st quarter. Panagora Asset Management Inc. now owns 89,237 shares of the company’s stock valued at $1,066,000 after purchasing an additional 23,393 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Century Casinos by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 220,886 shares of the company’s stock valued at $2,639,000 after purchasing an additional 8,938 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Century Casinos by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 271,540 shares of the company’s stock valued at $3,245,000 after purchasing an additional 1,400 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors.

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.