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

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) has been assigned a consensus recommendation of "Buy" from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.00.

Several brokerages recently weighed in on CNTY. Citigroup reaffirmed a "market outperform" rating on shares of Century Casinos in a report on Friday. Wall Street Zen raised shares of Century Casinos from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, JMP Securities decreased their target price on Century Casinos from $4.00 to $3.00 and set a "market outperform" rating for the company in a report on Tuesday, May 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Century Casinos by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company's stock valued at $554,000 after acquiring an additional 3,800 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Century Casinos in the fourth quarter worth approximately $51,000. Dimensional Fund Advisors LP lifted its holdings in shares of Century Casinos by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company's stock valued at $501,000 after purchasing an additional 17,815 shares during the last quarter. Millennium Management LLC grew its position in shares of Century Casinos by 7.3% during the 4th quarter. Millennium Management LLC now owns 284,886 shares of the company's stock valued at $923,000 after acquiring an additional 19,406 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Century Casinos during the 4th quarter valued at approximately $74,000. 66.36% of the stock is owned by institutional investors.

Century Casinos Stock Up 3.2%

NASDAQ:CNTY opened at $2.55 on Friday. The stock's fifty day moving average price is $2.15 and its two-hundred day moving average price is $2.27. Century Casinos has a 52-week low of $1.30 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.38 and a current ratio of 1.42. The company has a market cap of $78.23 million, a price-to-earnings ratio of -0.58 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 company had revenue of $130.44 million for the quarter, compared to analyst estimates of $139.55 million. During the same quarter in the prior year, the company posted ($0.46) EPS. On average, analysts anticipate that Century Casinos will post -2.66 EPS 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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