Century Casinos (NASDAQ:CNTY) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a report issued on Friday.

A number of other research analysts have also recently commented on CNTY. Stifel Nicolaus restated a buy rating and issued a $4.00 price target on shares of Century Casinos in a research report on Monday, April 8th. Macquarie raised shares of Century Casinos from a neutral rating to an outperform rating in a report on Wednesday, April 10th. Finally, JMP Securities downgraded shares of Century Casinos from an outperform rating to a market perform rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $9.00.

Century Casinos Stock Performance

NASDAQ CNTY opened at $3.02 on Friday. The firm has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $3.88. Century Casinos has a 12-month low of $2.46 and a 12-month high of $8.11. The company has a market capitalization of $91.69 million, a P/E ratio of -3.25 and a beta of 2.61. 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) last issued its quarterly 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). Century Casinos had a negative net margin of 5.12% and a negative return on equity of 13.42%. The company had revenue of $143.76 million during the quarter, compared to the consensus estimate of $142.60 million. During the same quarter last year, the firm posted ($0.14) earnings per share. Analysts anticipate that Century Casinos will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Foundry Partners LLC increased its stake in shares of Century Casinos by 48.9% in the fourth quarter. Foundry Partners LLC now owns 691,299 shares of the company’s stock valued at $3,374,000 after buying an additional 227,179 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Century Casinos during the 3rd quarter valued at approximately $450,000. Orchard Capital Management LLC raised its holdings in Century Casinos by 6.6% during the 4th quarter. Orchard Capital Management LLC now owns 1,299,865 shares of the company’s stock worth $6,343,000 after purchasing an additional 79,970 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Century Casinos by 314.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,964 shares of the company’s stock worth $459,000 after purchasing an additional 71,276 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of Century Casinos by 34.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 133,107 shares of the company’s stock worth $421,000 after purchasing an additional 34,220 shares during the period. 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.