Century Casinos (NASDAQ:CNTY) Rating Lowered to Sell at StockNews.com

Century Casinos (NASDAQ:CNTY) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

CNTY has been the subject of several other research reports. Stifel Nicolaus reissued a “buy” rating and set a $4.00 price objective on shares of Century Casinos in a research note on Monday, April 8th. Macquarie raised Century Casinos from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 10th. Finally, JMP Securities lowered Century Casinos from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 18th. One 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. According to data from MarketBeat, Century Casinos presently has an average rating of “Hold” and a consensus target price of $9.00.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $2.91 on Friday. The stock has a market cap of $88.35 million, a PE ratio of -3.13 and a beta of 2.61. Century Casinos has a fifty-two week low of $2.46 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 4.58, a quick ratio of 2.16 and a current ratio of 2.21. The stock has a fifty day moving average of $3.00 and a 200-day moving average of $3.92.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data 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 business had revenue of $143.76 million for 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 period in the prior year, the business posted ($0.14) EPS. Equities research analysts anticipate that Century Casinos will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

Hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Century Casinos by 0.5% in the 1st 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. lifted its stake in shares of Century Casinos by 9.5% in the 1st 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. lifted its stake in shares of Century Casinos by 1.7% in the 2nd 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. lifted its stake in shares of Century Casinos by 14.0% in the 2nd 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. lifted its stake in shares of Century Casinos by 2.8% in the 4th 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 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.