Century Casinos (NASDAQ:CNTY) Price Target Raised to $5.00

Century Casinos (NASDAQ:CNTY) had its price objective boosted by Stifel Nicolaus from $4.00 to $5.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

CNTY has been the subject of several other reports. 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 cut their price target on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Friday, August 9th.

Century Casinos Stock Up 6.5 %

NASDAQ CNTY opened at $4.12 on Tuesday. The business’s fifty day moving average is $2.73 and its 200-day moving average is $2.68. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22. Century Casinos has a one year low of $1.94 and a one year high of $5.05.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 38.97% and a negative net margin of 12.73%. The company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. During the same period in the prior year, the firm posted ($0.47) EPS. As a group, equities research analysts anticipate that Century Casinos will post -2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CNTY. Sei Investments Co. purchased a new stake in shares of Century Casinos during the second quarter worth $32,000. Quadrature Capital Ltd purchased a new position in shares of Century Casinos in the first quarter valued at $51,000. Virtu Financial LLC bought a new stake in shares of Century Casinos during the 1st quarter valued at $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Century Casinos during the 2nd quarter worth about $103,000. Finally, Empowered Funds LLC boosted its stake in Century Casinos by 8.1% in the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after purchasing an additional 5,042 shares during the period. 66.36% of the stock is currently 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.