Century Casinos, Inc. (NASDAQ:CNTY) Receives $5.00 Average Price Target from Analysts

Key Points

• Century Casinos, Inc. (NASDAQ:CNTY) has received an average consensus rating of "Buy" from five research firms, with a 1-year price target set at $5.00.
• In its latest earnings report, the company reported a loss of ($0.40) earnings per share, which was below analysts' expectations.
• Institutional investors own 66.36% of Century Casinos' stock, indicating significant confidence from larger investment entities.

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) has been given an average recommendation of "Buy" by the five ratings firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $5.00.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Century Casinos in the fourth quarter valued at about $74,000. XTX Topco Ltd purchased a new position in Century Casinos in the second quarter valued at about $51,000. Wealthedge Investment Advisors LLC purchased a new position in Century Casinos in the fourth quarter valued at about $112,000. Jane Street Group LLC raised its position in Century Casinos by 120.4% in the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock valued at $200,000 after purchasing an additional 33,635 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company's stock valued at $199,000 after purchasing an additional 30,998 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

Century Casinos Trading Up 1.6%

Shares of CNTY stock traded up $0.04 during mid-day trading on Friday, hitting $2.54. 65,238 shares of the company's stock were exchanged, compared to its average volume of 54,134. Century Casinos has a fifty-two week low of $1.30 and a fifty-two week high of $5.09. The stock has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.11. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 20.62. The stock has a market cap of $76.25 million, a price-to-earnings ratio of -0.74 and a beta of 2.02.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted its quarterly earnings data 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). Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%.The business had revenue of $150.82 million for the quarter, compared to analyst estimates of $148.70 million. Equities analysts expect that Century Casinos will post -2.66 EPS for the current fiscal year.

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.