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

Key Points

• Century Casinos, Inc. has a consensus rating of "Moderate Buy" from six brokerages, with five buy ratings and one sell recommendation; brokers have set an average target price of $5.00 for the stock.
• The company's recent earnings report showed a loss with a negative net margin of 18.43%, reporting earnings per share of ($0.40), falling short of analyst expectations of ($0.37).
• Institutional investors hold 66.36% of Century Casinos' stock, indicating significant interest from large investors in the company.

Shares of Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.00.

Several equities research analysts recently weighed in on the stock. Citigroup reiterated a "market outperform" rating on shares of Century Casinos in a research note on Friday, July 18th. Stifel Nicolaus set a $4.00 target price on shares of Century Casinos in a research note on Tuesday. JMP Securities set a $3.00 target price on shares of Century Casinos in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Century Casinos in a research report on Tuesday, October 14th.

Century Casinos Stock Down 0.9%

Century Casinos stock opened at $2.23 on Friday. The stock's fifty day moving average is $2.56 and its two-hundred day moving average is $2.20. The company has a debt-to-equity ratio of 20.62, a current ratio of 1.42 and a quick ratio of 1.37. Century Casinos has a 1-year low of $1.30 and a 1-year high of $5.09. The stock has a market cap of $66.94 million, a PE ratio of -0.65 and a beta of 2.00.

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

Hedge Funds Weigh In On Century Casinos

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Century Casinos in the second quarter worth $51,000. Assenagon Asset Management S.A. grew its position in Century Casinos by 12.4% in the third quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company's stock valued at $229,000 after purchasing an additional 9,654 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Century Casinos by 35.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company's stock valued at $199,000 after acquiring an additional 30,998 shares during the period. Mink Brook Asset Management LLC bought a new position in shares of Century Casinos in the 1st quarter valued at about $203,000. Finally, Wealthedge Investment Advisors LLC boosted its holdings in shares of Century Casinos by 330.9% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company's stock worth $252,000 after buying an additional 114,431 shares during the period. 66.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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