Macquarie Has Lowered Expectations for Century Casinos (NASDAQ:CNTY) Stock Price

Century Casinos (NASDAQ:CNTY) had its target price decreased by equities research analysts at Macquarie from $6.00 to $5.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential upside of 163.85% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Craig Hallum initiated coverage on Century Casinos in a research report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $5.00 price objective on shares of Century Casinos in a research note on Monday, January 27th. Finally, Stifel Nicolaus dropped their target price on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.50.

Century Casinos Stock Down 0.8 %

Century Casinos stock traded down $0.02 during mid-day trading on Friday, hitting $1.90. The company had a trading volume of 135,551 shares, compared to its average volume of 117,746. The stock has a market cap of $58.14 million, a price-to-earnings ratio of -0.78 and a beta of 2.71. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos has a 1 year low of $1.64 and a 1 year high of $5.09. The business has a fifty day moving average of $2.94 and a 200 day moving average of $3.12.

Hedge Funds Weigh In On Century Casinos

A number of large investors have recently made changes to their positions in CNTY. XTX Topco Ltd acquired a new stake in shares of Century Casinos during the 4th quarter valued at approximately $51,000. Raymond James Financial Inc. acquired a new position in Century Casinos during the fourth quarter worth $74,000. Marshall Wace LLP purchased a new stake in Century Casinos during the fourth quarter worth $85,000. Wealthedge Investment Advisors LLC acquired a new stake in Century Casinos in the fourth quarter valued at $112,000. Finally, JB Capital Partners LP purchased a new position in shares of Century Casinos in the fourth quarter valued at $124,000. Hedge funds and other 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.