Century Casinos (NASDAQ:CNTY) Lifted to Outperform at Macquarie

Macquarie upgraded shares of Century Casinos (NASDAQ:CNTY - Free Report) from a neutral rating to an outperform rating in a research note released on Wednesday, MarketBeat.com reports.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus restated a buy rating and set a $4.00 target price on shares of Century Casinos in a research report on Monday. JMP Securities cut Century Casinos from an outperform rating to a market perform rating in a research report on Thursday, January 18th. Finally, StockNews.com cut Century Casinos from a hold rating to a sell rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $9.00.

Century Casinos Stock Performance

Century Casinos stock traded down $0.06 during mid-day trading on Wednesday, reaching $3.27. 140,010 shares of the company's stock were exchanged, compared to its average volume of 159,906. The business's fifty day simple moving average is $3.01 and its 200 day simple moving average is $4.00. The firm has a market capitalization of $99.28 million, a PE ratio of -3.52 and a beta of 2.61. Century Casinos has a one year low of $2.46 and a one year high of $8.11. The company has a quick ratio of 2.16, a current ratio of 2.21 and a debt-to-equity ratio of 4.58.

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

Hedge Funds Weigh In On Century Casinos

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG boosted its holdings in shares of Century Casinos by 671.5% in the 4th quarter. UBS Group AG now owns 6,689 shares of the company's stock worth $47,000 after purchasing an additional 5,822 shares in the last quarter. Citigroup Inc. purchased a new stake in Century Casinos during the 2nd quarter valued at about $61,000. BNP Paribas Arbitrage SA boosted its holdings in Century Casinos by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,486 shares of the company's stock valued at $68,000 after acquiring an additional 3,157 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Century Casinos by 812.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,605 shares of the company's stock valued at $54,000 after acquiring an additional 9,443 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Century Casinos during the 2nd quarter valued at about $77,000. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

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.