Century Casinos, Inc. (NASDAQ:CNTY) Given Consensus Recommendation of “Buy” by Brokerages

Century Casinos, Inc. (NASDAQ:CNTY) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.00.

CNTY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Century Casinos in a research note on Friday, July 18th. JMP Securities set a $3.00 target price on shares of Century Casinos in a report on Friday, July 18th.

Hedge Funds Weigh In On Century Casinos

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Century Casinos by 35.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after acquiring an additional 30,998 shares during the period. AWM Investment Company Inc. increased its holdings in Century Casinos by 22.3% in the 1st quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company’s stock valued at $3,486,000 after purchasing an additional 375,761 shares in the last quarter. Mink Brook Asset Management LLC acquired a new stake in Century Casinos in the 1st quarter valued at $203,000. Wealthedge Investment Advisors LLC raised its position in Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock valued at $252,000 after purchasing an additional 114,431 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Century Casinos by 21.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company’s stock worth $1,286,000 after purchasing an additional 132,700 shares in the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.

Century Casinos Trading Down 2.7%

Shares of CNTY opened at $2.15 on Tuesday. Century Casinos has a fifty-two week low of $1.30 and a fifty-two week high of $5.09. The company has a market capitalization of $64.54 million, a PE ratio of -0.63 and a beta of 2.20. The stock has a fifty day moving average of $2.31 and a two-hundred day moving average of $2.17. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. The business had revenue of $150.82 million during the quarter, compared to analyst estimates of $148.70 million. As a group, analysts forecast that Century Casinos will post -2.66 EPS for the current year.

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.