JMP Securities Issues Pessimistic Forecast for Century Casinos (NASDAQ:CNTY) Stock Price

Century Casinos (NASDAQ:CNTY) had its price objective lowered by equities research analysts at JMP Securities from $4.00 to $3.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 99.34% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Stifel Nicolaus lowered their price target on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Macquarie decreased their price objective on Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Century Casinos Stock Up 2.4%

CNTY traded up $0.04 during midday trading on Tuesday, reaching $1.51. The company’s stock had a trading volume of 16,561 shares, compared to its average volume of 114,410. The stock’s 50-day moving average is $1.64 and its 200-day moving average is $2.81. 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 firm has a market capitalization of $46.18 million, a price-to-earnings ratio of -0.62 and a beta of 2.02. Century Casinos has a 1 year low of $1.30 and a 1 year high of $5.09.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.11). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The firm had revenue of $130.44 million for the quarter, compared to the consensus estimate of $139.55 million. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. As a group, research analysts expect that Century Casinos will post -2.66 EPS for the current year.

Institutional Trading of Century Casinos

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Century Casinos during the fourth quarter worth about $51,000. Raymond James Financial Inc. acquired a new stake in Century Casinos during the 4th quarter worth $74,000. Marshall Wace LLP purchased a new stake in shares of Century Casinos in the fourth quarter valued at about $85,000. Wealthedge Investment Advisors LLC purchased a new position in shares of Century Casinos during the 4th quarter worth approximately $112,000. Finally, JB Capital Partners LP acquired a new position in shares of Century Casinos in the fourth quarter valued at approximately $124,000. 66.36% of the stock is currently 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.