Century Casinos (NASDAQ:CNTY) Now Covered by Craig Hallum

Equities research analysts at Craig Hallum initiated coverage on shares of Century Casinos (NASDAQ:CNTY) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $8.00 price target on the stock. Craig Hallum’s price target indicates a potential upside of 79.78% from the stock’s previous close.

A number of other brokerages also recently commented on CNTY. Macquarie lowered their price objective on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Up 1.4 %

Shares of NASDAQ:CNTY opened at $4.45 on Tuesday. Century Casinos has a twelve month low of $1.94 and a twelve month high of $5.05. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $136.53 million, a PE ratio of -1.83 and a beta of 2.55. The firm has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.78.

Century Casinos (NASDAQ:CNTY) last announced 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 net margin of 12.73% and a negative return on equity of 41.20%. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the previous year, the business earned ($0.47) EPS. On average, equities analysts predict that Century Casinos will post -2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Several large investors have recently modified their holdings of CNTY. Geode Capital Management LLC boosted its position in shares of Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after buying an additional 5,220 shares during the period. RBF Capital LLC grew its holdings in shares of Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock valued at $946,000 after acquiring an additional 69,349 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Century Casinos by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after purchasing an additional 61,522 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in 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 worth $3,917,000 after purchasing an additional 325,890 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

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.