Century Casinos (NASDAQ:CNTY) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Century Casinos (NASDAQ:CNTY - Free Report) in a report issued on Monday, Benzinga reports. Stifel Nicolaus currently has a $4.00 price objective on the stock.

CNTY has been the topic of a number of other reports. StockNews.com cut Century Casinos from a hold rating to a sell rating in a research note on Thursday, January 18th. JMP Securities lowered Century Casinos from an outperform rating to a market perform rating in a report on Thursday, January 18th. Finally, Macquarie lowered Century Casinos from an outperform rating to a neutral rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $9.00.

Century Casinos Stock Up 4.1 %

NASDAQ:CNTY traded up $0.13 during trading hours on Monday, hitting $3.32. 174,006 shares of the company traded hands, compared to its average volume of 160,877. The company has a quick ratio of 2.16, a current ratio of 2.21 and a debt-to-equity ratio of 4.58. The firm's 50-day simple moving average is $3.02 and its 200-day simple moving average is $4.02. Century Casinos has a one year low of $2.46 and a one year high of $8.11. The company has a market cap of $100.80 million, a PE ratio of -3.57 and a beta of 2.61.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.01). The business had revenue of $143.76 million for the quarter, compared to the consensus estimate of $142.60 million. Century Casinos had a negative return on equity of 13.42% and a negative net margin of 5.12%. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. Equities analysts predict that Century Casinos will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNTY. American Century Companies Inc. grew its holdings in Century Casinos by 33.9% during the 1st quarter. American Century Companies Inc. now owns 60,716 shares of the company's stock valued at $726,000 after buying an additional 15,356 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Century Casinos by 55.5% during the first quarter. MetLife Investment Management LLC now owns 15,389 shares of the company's stock worth $184,000 after purchasing an additional 5,490 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Century Casinos by 35.5% during the first quarter. Panagora Asset Management Inc. now owns 89,237 shares of the company's stock worth $1,066,000 after purchasing an additional 23,393 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Century Casinos by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 220,886 shares of the company's stock worth $2,639,000 after purchasing an additional 8,938 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Century Casinos by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 271,540 shares of the company's stock worth $3,245,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 66.36% of the company's stock.

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.