Century Casinos (NASDAQ:CNTY) Raised to “Hold” at StockNews.com

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 Tuesday.

A number of other brokerages have also weighed in on CNTY. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a report on Tuesday. Stifel Nicolaus boosted their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Macquarie dropped their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.

Century Casinos Stock Up 7.3 %

NASDAQ CNTY traded up $0.27 on Tuesday, hitting $3.97. The stock had a trading volume of 399,037 shares, compared to its average volume of 140,300. The business’s fifty day moving average price is $2.64 and its 200 day moving average price is $2.66. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. Century Casinos has a 52-week low of $1.94 and a 52-week high of $5.05. The stock has a market cap of $121.81 million, a price-to-earnings ratio of -1.63 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The firm had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. During the same period in the prior year, the firm posted ($0.47) earnings per share. Equities research analysts anticipate that Century Casinos will post -2.33 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in Century Casinos by 8.1% in the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock valued at $212,000 after purchasing an additional 5,042 shares during the last quarter. Sei Investments Co. purchased a new stake in Century Casinos in the second quarter valued at $32,000. Vanguard Group Inc. boosted its holdings in Century Casinos by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after purchasing an additional 13,372 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Century Casinos in the first quarter worth about $51,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Century Casinos by 38.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after acquiring an additional 18,869 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.