Century Casinos (NASDAQ:CNTY) Earns Market Outperform Rating from JMP Securities

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $5.00 price objective on the stock. JMP Securities’ target price indicates a potential upside of 62.87% from the stock’s current price.

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

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $3.07 on Thursday. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.09. 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 market cap of $94.19 million, a PE ratio of -1.26 and a beta of 2.64. The stock’s fifty day simple moving average is $3.68 and its two-hundred day simple moving average is $3.00.

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

Hedge Funds Weigh In On Century Casinos

Several institutional investors and hedge funds have recently bought and sold shares of CNTY. Sei Investments Co. bought a new stake in shares of Century Casinos in the second quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Century Casinos in the 2nd quarter valued at about $103,000. Empowered Funds LLC lifted its holdings in Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after purchasing an additional 3,752 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Century Casinos during the second quarter worth about $215,000. Finally, Squarepoint Ops LLC increased its stake in shares of 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 purchasing an additional 45,695 shares in the last quarter. 66.36% of the stock is owned by institutional investors.

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.