Century Casinos, Inc. (NASDAQ:CNTY) Receives Average Rating of "Buy" from Brokerages

Key Points

• Century Casinos, Inc. has received a consensus recommendation of "Buy" from five brokerages, with an average 12-month price target of $5.00.
• Recent institutional investments include a 35.8% stake increase by Goldman Sachs, demonstrating growing confidence in the company's performance.
• Century Casinos reported a negative EPS of ($0.40) for the last quarter, missing the consensus estimate, despite exceeding revenue expectations at $150.82 million.

Shares of Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) have earned an average rating of "Buy" from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.00.

A number of brokerages have recently issued reports on CNTY. Citigroup reiterated a "market outperform" rating on shares of Century Casinos in a report on Friday, July 18th. JMP Securities set a $3.00 price objective on shares of Century Casinos in a research report on Friday, July 18th.

Century Casinos Trading Down 0.6%

Shares of NASDAQ:CNTY traded down $0.02 during trading on Tuesday, reaching $2.37. The stock had a trading volume of 5,124 shares, compared to its average volume of 81,976. The firm's fifty day moving average is $2.33 and its 200 day moving average is $2.17. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42. Century Casinos has a 52 week low of $1.30 and a 52 week high of $5.09. The stock has a market cap of $71.00 million, a price-to-earnings ratio of -0.69 and a beta of 2.20.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The company had revenue of $150.82 million for the quarter, compared to the consensus estimate of $148.70 million. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%. As a group, equities analysts forecast that Century Casinos will post -2.66 EPS for the current fiscal year.

Institutional Trading of Century Casinos

A number of large investors have recently made changes to their positions in CNTY. AWM Investment Company Inc. grew its position in Century Casinos by 22.3% during the first quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company's stock valued at $3,486,000 after buying an additional 375,761 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Century Casinos by 21.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock worth $1,286,000 after purchasing an additional 132,700 shares during the period. Mink Brook Asset Management LLC bought a new position in shares of Century Casinos in the first quarter worth approximately $203,000. Wealthedge Investment Advisors LLC boosted its position in shares of Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company's stock worth $252,000 after purchasing an additional 114,431 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Century Casinos by 120.4% in 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 during the period. 66.36% of the stock is currently owned by 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.