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

Shares of Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) have been assigned a consensus rating of "Buy" from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.00.

Several research analysts have issued reports on the company. Wall Street Zen raised Century Casinos from a "sell" rating to a "hold" rating in a report on Friday, April 11th. JMP Securities set a $3.00 price objective on shares of Century Casinos in a report on Friday. Finally, Citigroup restated a "market outperform" rating on shares of Century Casinos in a report on Friday.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. AWM Investment Company Inc. grew its stake 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 acquiring an additional 375,761 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Century Casinos by 21.1% in 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 in the last quarter. Mink Brook Asset Management LLC bought a new position in Century Casinos during the 1st quarter valued at about $203,000. Wealthedge Investment Advisors LLC lifted its stake in shares of Century Casinos by 330.9% in the 1st 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, JB Capital Partners LP purchased a new stake in Century Casinos during the 4th quarter valued at approximately $124,000. 66.36% of the stock is owned by institutional investors.

Century Casinos Stock Down 0.8%

NASDAQ:CNTY traded down $0.02 during mid-day trading on Friday, hitting $2.49. The company had a trading volume of 45,586 shares, compared to its average volume of 88,011. The business has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.25. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 16.39. 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 $76.39 million, a price-to-earnings ratio of -0.57 and a beta of 2.15.

Century Casinos (NASDAQ:CNTY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.11). Century Casinos had a negative net margin of 23.71% and a negative return on equity of 81.24%. The firm had revenue of $130.44 million during the quarter, compared to the consensus estimate of $139.55 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. Equities analysts forecast that Century Casinos will post -2.66 earnings per share 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.