Macquarie Issues Pessimistic Forecast for Century Casinos (NASDAQ:CNTY) Stock Price

Century Casinos (NASDAQ:CNTY) had its price objective cut by research analysts at Macquarie from $6.00 to $5.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 163.16% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Craig Hallum assumed coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target for the company. JMP Securities reiterated 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 reduced their price objective on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Century Casinos currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Trading Down 0.5 %

Shares of CNTY stock opened at $1.90 on Friday. Century Casinos has a 1 year low of $1.64 and a 1 year high of $5.09. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The stock has a market capitalization of $58.30 million, a price-to-earnings ratio of -0.78 and a beta of 2.71. The company’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $3.12.

Institutional Trading of Century Casinos

Several large investors have recently bought and sold shares of CNTY. Rice Hall James & Associates LLC grew its position in Century Casinos by 5.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock worth $5,251,000 after purchasing an additional 90,556 shares during the last quarter. Royce & Associates LP grew its position in Century Casinos by 2.7% during the 4th quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock worth $9,639,000 after purchasing an additional 79,086 shares during the last quarter. RBF Capital LLC grew its position in Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after purchasing an additional 69,349 shares during the last quarter. AWM Investment Company Inc. grew its position in Century Casinos by 2.6% during the 4th quarter. AWM Investment Company Inc. now owns 1,687,043 shares of the company’s stock worth $5,466,000 after purchasing an additional 43,006 shares during the last quarter. Finally, JB Capital Partners LP purchased a new stake in Century Casinos during the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

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.