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

Key Points

• Century Casinos, Inc. has received a consensus rating of "Buy" from five analysts, indicating positive market sentiment towards the stock.
• The average 12-month price target for Century Casinos has been set at $5.00, suggesting potential upside from its current trading price.
• In the first quarter, institutional investors increased their holdings significantly, with notable increases such as 330.9% growth in shares owned by Wealthedge Investment Advisors LLC.

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.00.

CNTY has been the subject of a number of research reports. 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 Century Casinos in a report on Friday, July 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Century Casinos by 21.1% during the 1st 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 stake in shares of Century Casinos in the 1st quarter worth about $203,000. Goldman Sachs Group Inc. grew its position in Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company's stock worth $199,000 after acquiring an additional 30,998 shares during the last quarter. AWM Investment Company Inc. grew its holdings in shares of Century Casinos by 22.3% during the first quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company's stock worth $3,486,000 after purchasing an additional 375,761 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC grew its holdings in 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 acquiring an additional 114,431 shares during the last quarter. 66.36% of the stock is owned by institutional investors.

Century Casinos Trading Up 1.6%

NASDAQ:CNTY opened at $2.61 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 20.62. Century Casinos has a 1-year low of $1.30 and a 1-year high of $5.09. The firm has a market capitalization of $78.35 million, a price-to-earnings ratio of -0.76 and a beta of 2.02. The stock has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $2.11.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released 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 net margin of 18.43% and a negative return on equity of 72.39%. The company had revenue of $150.82 million during the quarter, compared to analyst estimates of $148.70 million. Sell-side analysts forecast that Century Casinos will post -2.66 earnings per share for the current year.

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.

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