Century Casinos (NASDAQ:CNTY) Receives Sell (E+) Rating from Weiss Ratings

Key Points

• Century Casinos (NASDAQ:CNTY) received a "sell (e+)" rating from Weiss Ratings, reflecting concerns about the company's performance.
• Despite the negative outlook from Weiss, other firms such as Citigroup have given CNTY a "market outperform" rating, indicating mixed sentiments among analysts.
• Century Casinos reported a loss of ($0.40) earnings per share for the last quarter, missing analysts' expectations, while the company's revenue was slightly above estimates at $150.82 million.

Century Casinos (NASDAQ:CNTY - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on CNTY. Citigroup reissued a "market outperform" rating on shares of Century Casinos in a report on Friday, July 18th. JMP Securities set a $3.00 price objective on shares of Century Casinos in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Century Casinos presently has an average rating of "Moderate Buy" and an average target price of $5.00.

Century Casinos Price Performance

Shares of Century Casinos stock traded down $0.03 during mid-day trading on Tuesday, reaching $2.40. 60,155 shares of the stock were exchanged, compared to its average volume of 75,255. The company has a market cap of $71.90 million, a price-to-earnings ratio of -0.70 and a beta of 2.00. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 20.62. The firm has a 50-day simple moving average of $2.56 and a 200 day simple moving average of $2.16. Century Casinos has a fifty-two week low of $1.30 and a fifty-two week high of $5.09.

Century Casinos (NASDAQ:CNTY - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.03). The firm had revenue of $150.82 million for the quarter, compared to analyst estimates of $148.70 million. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%. On average, sell-side analysts predict that Century Casinos will post -2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of Century Casinos in the 2nd quarter valued at about $51,000. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 30,998 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in shares of Century Casinos in the 1st quarter valued at about $203,000. Assenagon Asset Management S.A. boosted its stake in shares of Century Casinos by 12.4% in the 3rd 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 during the last quarter. Finally, Wealthedge Investment Advisors LLC boosted 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 valued at $252,000 after purchasing an additional 114,431 shares during the last quarter. Institutional investors own 66.36% of the company's stock.

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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