Century Casinos (NASDAQ:CNTY) Upgraded by JMP Securities to Outperform Rating

Century Casinos (NASDAQ:CNTY) was upgraded by equities researchers at JMP Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $5.00 target price on the stock. JMP Securities’ price target would suggest a potential upside of 29.20% from the stock’s previous close.

Separately, Macquarie lowered their target price on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th.

Century Casinos Stock Down 2.5 %

CNTY opened at $3.87 on Tuesday. Century Casinos has a 12 month low of $1.94 and a 12 month high of $5.05. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. The stock has a market cap of $118.74 million, a P/E ratio of -1.59 and a beta of 2.55. The stock’s 50 day moving average price is $2.70 and its 200 day moving average price is $2.67.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The business had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the prior year, the business earned ($0.47) earnings per share. As a group, research analysts predict that Century Casinos will post -2.33 earnings per share for the current year.

Hedge Funds Weigh In On Century Casinos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Century Casinos by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after purchasing an additional 3,752 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after acquiring an additional 61,522 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock worth $3,917,000 after acquiring an additional 325,890 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Century Casinos during the 2nd quarter worth $215,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Century Casinos during the 2nd quarter worth $103,000. 66.36% of the stock is owned by institutional investors.

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.