Craig Hallum Begins Coverage on Century Casinos (NASDAQ:CNTY)

Craig Hallum assumed coverage on shares of Century Casinos (NASDAQ:CNTY) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $8.00 price objective on the stock.

Several other research analysts have also weighed in on the company. Stifel Nicolaus lifted their target price on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. JMP Securities upgraded shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a report on Tuesday, November 5th. Macquarie reduced their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Price Performance

Shares of CNTY stock opened at $4.40 on Tuesday. The firm has a market cap of $134.99 million, a price-to-earnings ratio of -1.81 and a beta of 2.55. Century Casinos has a 12 month low of $1.94 and a 12 month high of $5.09. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The stock has a 50-day moving average price of $3.32 and a 200 day moving average price of $2.82.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. During the same period last year, the company earned ($0.47) EPS. Research analysts expect that Century Casinos will post -2.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Century Casinos by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after buying an additional 5,220 shares during the last quarter. RBF Capital LLC increased its position in shares of Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after purchasing an additional 69,349 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after buying an additional 3,752 shares during the last quarter. Royce & Associates LP grew its stake in shares of Century Casinos by 2.2% in the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after buying an additional 61,522 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in Century Casinos by 27.1% during the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock worth $3,917,000 after buying an additional 325,890 shares during the last quarter. Institutional investors 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.