JMP Securities Reiterates Market Outperform Rating for Century Casinos (NASDAQ:CNTY)

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $5.00 price target on the stock. JMP Securities’ price objective indicates a potential upside of 69.49% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Craig Hallum started coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target for the company. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus raised their price target on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research 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’s stock. According to data from MarketBeat.com, Century Casinos has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Performance

NASDAQ:CNTY opened at $2.95 on Thursday. 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 stock has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $2.99. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.09. The stock has a market cap of $90.51 million, a P/E ratio of -1.21 and a beta of 2.64.

Century Casinos (NASDAQ:CNTY) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (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 business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. During the same period in the previous year, the firm posted ($0.47) EPS. Research analysts anticipate that Century Casinos will post -2.39 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

Several large investors have recently modified their holdings of CNTY. Sei Investments Co. acquired a new stake in Century Casinos in the second quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Century Casinos in the 2nd quarter valued at about $103,000. Empowered Funds LLC increased its position in Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after buying an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Century Casinos during the 2nd quarter worth approximately $215,000. Finally, Squarepoint Ops LLC boosted its holdings 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 currently owned by institutional investors and hedge funds.

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.