Century Casinos (NASDAQ:CNTY - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.
A number of other brokerages also recently issued reports on CNTY. JMP Securities downgraded Century Casinos from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 18th. Stifel Nicolaus reiterated a "buy" rating and set a $4.00 price target on shares of Century Casinos in a research report on Monday. Finally, Macquarie upgraded Century Casinos from a "neutral" rating to an "outperform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.00.
Check Out Our Latest Stock Analysis on Century Casinos
Century Casinos Stock Performance
Shares of CNTY traded up $0.08 during mid-day trading on Thursday, reaching $3.35. The company had a trading volume of 138,771 shares, compared to its average volume of 159,604. Century Casinos has a 52-week low of $2.46 and a 52-week 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. The stock has a market capitalization of $101.71 million, a P/E ratio of -3.60 and a beta of 2.61. The stock has a 50 day moving average of $3.01 and a two-hundred day moving average of $4.00.
Century Casinos (NASDAQ:CNTY - Get Free Report) last issued 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). Century Casinos had a negative return on equity of 13.42% and a negative net margin of 5.12%. The company had revenue of $143.76 million during the quarter, compared to analysts' expectations of $142.60 million. During the same quarter in the previous year, the company earned ($0.14) EPS. On average, analysts expect that Century Casinos will post -1.1 earnings per share for the current year.
Hedge Funds Weigh In On Century Casinos
A number of hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised 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 valued at $3,245,000 after acquiring an additional 1,400 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Century Casinos by 9.5% during the first quarter. First Republic Investment Management Inc. now owns 16,550 shares of the company's stock valued at $198,000 after acquiring an additional 1,433 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Century Casinos by 1.7% during the second quarter. Goldman Sachs Group Inc. now owns 109,485 shares of the company's stock valued at $789,000 after acquiring an additional 1,788 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Century Casinos by 14.0% during the second quarter. JPMorgan Chase & Co. now owns 14,624 shares of the company's stock valued at $105,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Century Casinos by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,723 shares of the company's stock valued at $532,000 after acquiring an additional 2,093 shares during the last quarter. Institutional investors and hedge funds own 66.36% of the company's stock.
About Century Casinos
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Century Casinos, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Century Casinos wasn't on the list.
While Century Casinos currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
