Century Casinos (NASDAQ:CNTY) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a report released on Tuesday morning.

A number of other research analysts also recently weighed in on the stock. Stifel Nicolaus decreased 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 report on Friday, March 14th. Craig Hallum assumed 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. Macquarie lowered their price target on Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $5.00 price objective on shares of Century Casinos in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Century Casinos Price Performance

NASDAQ:CNTY opened at $1.92 on Tuesday. 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 company has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.12. Century Casinos has a 1-year low of $1.64 and a 1-year high of $5.09. The firm has a market cap of $58.91 million, a price-to-earnings ratio of -0.79 and a beta of 2.71.

Hedge Funds Weigh In On Century Casinos

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