Century Casinos (NASDAQ:CNTY) Given New $3.00 Price Target at Stifel Nicolaus

Century Casinos (NASDAQ:CNTY) had its price target decreased by Stifel Nicolaus from $4.00 to $3.00 in a research note published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. JMP Securities set a $3.00 price target on shares of Century Casinos in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Century Casinos in a report on Wednesday, November 5th. Finally, Citigroup reiterated a “market outperform” rating on shares of Century Casinos in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.75.

Century Casinos Stock Performance

CNTY opened at $1.71 on Wednesday. The business’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.25. Century Casinos has a 52-week low of $1.30 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42. The firm has a market capitalization of $51.33 million, a PE ratio of -0.50 and a beta of 1.96.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.07). Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%.The company had revenue of $157.95 million for the quarter, compared to analyst estimates of $165.70 million. As a group, sell-side analysts expect that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fidelity National Financial Inc. acquired a new stake in Century Casinos during the third quarter worth approximately $420,000. Assenagon Asset Management S.A. lifted its holdings in Century Casinos by 12.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock worth $229,000 after purchasing an additional 9,654 shares during the last quarter. Mink Brook Asset Management LLC lifted its holdings in Century Casinos by 13.3% during the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after purchasing an additional 16,004 shares during the last quarter. AWM Investment Company Inc. boosted its stake in Century Casinos by 6.4% in the 2nd quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock valued at $4,644,000 after purchasing an additional 132,745 shares during the period. Finally, XTX Topco Ltd acquired a new position in Century Casinos in the 2nd quarter valued at $51,000. 66.36% of the stock is owned by institutional investors.

About Century Casinos

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.