Century Casinos, Inc. (NASDAQ:CNTY) Given Average Rating of "Buy" by 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 received a consensus recommendation of "Buy" from the five brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.00.

A number of research firms have commented on CNTY. Citigroup restated a "market outperform" rating on shares of Century Casinos in a research report on Friday, July 18th. JMP Securities set a $3.00 target price on shares of Century Casinos in a research note on Friday, July 18th.

Century Casinos Price Performance

Shares of CNTY stock traded down $0.10 during trading hours on Friday, hitting $2.61. The company's stock had a trading volume of 50,129 shares, compared to its average volume of 80,107. Century Casinos has a twelve month low of $1.30 and a twelve month high of $5.09. The business has a fifty day moving average of $2.45 and a 200-day moving average of $2.10. The stock has a market cap of $78.35 million, a price-to-earnings ratio of -0.76 and a beta of 2.02. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 20.62.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $150.82 million for the quarter, compared to analysts' expectations of $148.70 million. As a group, equities research analysts anticipate that Century Casinos will post -2.66 EPS for the current year.

Hedge Funds Weigh In On Century Casinos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Century Casinos during the second quarter worth $51,000. Raymond James Financial Inc. bought a new position in Century Casinos during the 4th quarter worth approximately $74,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Century Casinos in the 4th quarter valued at $112,000. Goldman Sachs Group Inc. increased its stake in Century Casinos by 35.8% during the 1st 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 in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Century Casinos by 120.4% during the 4th quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock worth $200,000 after acquiring an additional 33,635 shares during the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.

About Century Casinos

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.