Century Casinos (NASDAQ:CNTY) Rating Lowered to Sell at StockNews.com

Century Casinos (NASDAQ:CNTY) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on CNTY. JMP Securities downgraded Century Casinos from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 18th. Macquarie raised Century Casinos from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $4.00 target price on shares of Century Casinos in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Century Casinos Stock Performance

Shares of CNTY stock opened at $2.91 on Friday. The business’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $3.92. The company has a market cap of $88.35 million, a PE ratio of -3.13 and a beta of 2.61. The company has a current ratio of 2.21, a quick ratio of 2.16 and a debt-to-equity ratio of 4.58. Century Casinos has a 12-month low of $2.46 and a 12-month high of $8.11.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results 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 return on equity of 13.42% and a negative net margin of 5.12%. The business had revenue of $143.76 million for the quarter, compared to analyst estimates of $142.60 million. During the same period in the previous year, the company posted ($0.14) earnings per share. Analysts expect that Century Casinos will post -1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in shares of Century Casinos by 671.5% during the 4th quarter. UBS Group AG now owns 6,689 shares of the company’s stock worth $47,000 after acquiring an additional 5,822 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Century Casinos by 812.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,605 shares of the company’s stock worth $54,000 after acquiring an additional 9,443 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Century Casinos during the 2nd quarter worth about $61,000. BNP Paribas Arbitrage SA boosted its stake in shares of Century Casinos by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,486 shares of the company’s stock worth $68,000 after acquiring an additional 3,157 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in shares of Century Casinos by 49.0% during the 3rd quarter. Legato Capital Management LLC now owns 14,975 shares of the company’s stock worth $77,000 after acquiring an additional 4,923 shares in the last quarter. 66.36% of the stock is owned by hedge funds and other 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.