Craig Hallum Initiates Coverage on Century Casinos (NASDAQ:CNTY)

Equities research analysts at Craig Hallum initiated coverage on shares of Century Casinos (NASDAQ:CNTY) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $8.00 price target on the stock. Craig Hallum’s target price suggests a potential upside of 78.97% from the company’s previous close.

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

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $4.47 on Tuesday. The stock’s 50-day simple moving average is $3.24 and its 200-day simple moving average is $2.80. The firm has a market capitalization of $137.14 million, a PE ratio of -1.79 and a beta of 2.55. Century Casinos has a fifty-two week low of $1.94 and a fifty-two week high of $5.09. 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 announced its quarterly earnings results 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 net margin of 12.73% and a negative return on equity of 41.20%. The company had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the prior year, the company earned ($0.47) earnings per share. As a group, equities research analysts forecast that Century Casinos will post -2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Century Casinos by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after purchasing an additional 13,372 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Century Casinos in the 1st quarter valued at $51,000. Price T Rowe Associates Inc. MD raised its position in Century Casinos by 38.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after buying an additional 18,869 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Century Casinos in the 1st quarter worth $66,000. Finally, Sei Investments Co. purchased a new stake in shares of Century Casinos in the second quarter valued at about $32,000. 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.