Stifel Nicolaus Increases Century Casinos (NASDAQ:CNTY) Price Target to $5.00

Century Casinos (NASDAQ:CNTY) had its price target increased by research analysts at Stifel Nicolaus from $4.00 to $5.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 18.20% from the stock’s current price.

Other analysts have also issued reports about the company. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a report on Tuesday. Macquarie lowered their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

Century Casinos Price Performance

CNTY traded up $0.53 on Tuesday, hitting $4.23. 264,731 shares of the company were exchanged, compared to its average volume of 139,562. The business’s fifty day moving average is $2.64 and its 200 day moving average is $2.66. Century Casinos has a fifty-two week low of $1.94 and a fifty-two week high of $5.05. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96. The firm has a market capitalization of $129.78 million, a P/E ratio of -1.60 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that Century Casinos will post -2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CNTY. Rice Hall James & Associates LLC increased its stake in shares of Century Casinos by 27.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after buying an additional 325,890 shares during the period. Nokomis Capital L.L.C. boosted its holdings in shares of Century Casinos by 9.3% during the first quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock worth $6,174,000 after acquiring an additional 165,452 shares during the period. GSA Capital Partners LLP grew its position in shares of Century Casinos by 214.6% during the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after purchasing an additional 100,333 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Century Casinos in the second quarter valued at about $215,000. Finally, Squarepoint Ops LLC lifted its position in shares of Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after buying an additional 45,695 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

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.