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

Century Casinos (NASDAQ:CNTY) had its price objective lowered by research analysts at Stifel Nicolaus from $5.00 to $4.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 110.53% from the company’s previous close.

A number of other research analysts also recently issued reports on CNTY. JMP Securities reissued a “market outperform” rating and issued a $5.00 price target on shares of Century Casinos in a report on Monday, January 27th. Craig Hallum initiated coverage on Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from 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 NASDAQ:CNTY opened at $1.90 on Friday. Century Casinos has a 12-month low of $1.64 and a 12-month high of $5.09. The company has a market capitalization of $58.30 million, a PE ratio of -0.78 and a beta of 2.71. The business has a 50 day moving average of $2.91 and a two-hundred day moving average of $3.12. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58.

Institutional Trading of Century Casinos

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealthedge Investment Advisors LLC purchased a new stake in shares of Century Casinos in the fourth quarter valued at approximately $112,000. AWM Investment Company Inc. increased its position in shares of Century Casinos by 2.6% during the fourth 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 in the last quarter. Millennium Management LLC increased its position in shares of Century Casinos by 7.3% during the fourth quarter. Millennium Management LLC now owns 284,886 shares of the company’s stock worth $923,000 after purchasing an additional 19,406 shares in the last quarter. Jane Street Group LLC increased its position in shares of Century Casinos by 120.4% during the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company’s stock worth $200,000 after purchasing an additional 33,635 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Century Casinos by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company’s stock worth $501,000 after purchasing an additional 17,815 shares in the last quarter. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

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.