Century Casinos, Inc. (NASDAQ:CNTY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Century Casinos, Inc. (NASDAQ:CNTY) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $3.6667.

A number of research firms recently commented on CNTY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Century Casinos in a research note on Monday, December 29th. Stifel Nicolaus decreased their price objective on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th.

Century Casinos Stock Performance

NASDAQ CNTY opened at $1.50 on Tuesday. The company has a market cap of $44.16 million, a P/E ratio of -0.42 and a beta of 1.95. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44. The business’s 50 day moving average price is $1.47 and its 200-day moving average price is $2.02. Century Casinos has a fifty-two week low of $1.23 and a fifty-two week high of $3.26.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). Century Casinos had a negative return on equity of 165.48% and a negative net margin of 18.92%.The company had revenue of $153.72 million during the quarter, compared to the consensus estimate of $165.70 million. Sell-side analysts predict that Century Casinos will post -2.66 earnings per share for the current year.

Hedge Funds Weigh In On Century Casinos

Several hedge funds have recently bought and sold shares of CNTY. Mink Brook Asset Management LLC boosted its stake in shares of Century Casinos by 13.3% during the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after purchasing an additional 16,004 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 30,998 shares during the period. Assenagon Asset Management S.A. grew its stake in Century Casinos by 112.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock worth $248,000 after acquiring an additional 98,724 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Century Casinos during the third quarter worth approximately $26,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Century Casinos during the third quarter worth approximately $117,000. Institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.