Century Casinos’ (CNTY) Market Outperform Rating Reiterated at JMP Securities

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $5.00 price target on the stock. JMP Securities’ target price would indicate a potential upside of 63.13% from the stock’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Craig Hallum initiated coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Price Performance

Shares of CNTY stock traded down $0.02 during midday trading on Monday, reaching $3.07. 8,139 shares of the company were exchanged, compared to its average volume of 54,044. Century Casinos has a 12 month low of $1.94 and a 12 month high of $5.09. The company has a market cap of $94.03 million, a P/E ratio of -1.26 and a beta of 2.64. The company’s 50 day moving average price is $3.56 and its two-hundred day moving average price is $3.03. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results 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 41.20% and a negative net margin of 12.73%. The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $158.10 million. During the same quarter last year, the firm posted ($0.47) earnings per share. On average, sell-side analysts expect that Century Casinos will post -2.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new position in Century Casinos during the second quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Century Casinos in the second quarter worth approximately $103,000. Empowered Funds LLC grew its position in Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after acquiring an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Century Casinos in the second quarter worth approximately $215,000. Finally, Squarepoint Ops LLC grew its position in Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after acquiring an additional 45,695 shares in the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.