Stifel Nicolaus Cuts Century Casinos (NASDAQ:CNTY) Price Target to $4.00

Century Casinos (NASDAQ:CNTY) had its target price trimmed by Stifel Nicolaus from $5.00 to $4.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on CNTY. Craig Hallum began coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $5.00 price target on shares of Century Casinos in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $1.90 on Friday. Century Casinos has a twelve month low of $1.64 and a twelve month high of $5.09. The company’s 50 day moving average is $2.91 and its 200 day moving average is $3.12. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The company has a market cap of $58.30 million, a PE ratio of -0.78 and a beta of 2.71.

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $51,000. Raymond James Financial Inc. acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $74,000. Marshall Wace LLP acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $85,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $112,000. Finally, JB Capital Partners LP acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds 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.