Century Casinos (NASDAQ:CNTY) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Century Casinos, Inc. (NASDAQ:CNTY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.71 and traded as high as $4.48. Century Casinos shares last traded at $4.31, with a volume of 261,131 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Macquarie cut their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Century Casinos Stock Down 1.0 %

The company’s 50 day moving average price is $2.85 and its 200 day moving average price is $2.71. The company has a quick ratio of 1.91, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The firm has a market capitalization of $132.08 million, a price-to-earnings ratio of -1.77 and a beta of 2.55.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data 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 return on equity of 41.20% and a negative net margin of 12.73%. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. As a group, research analysts forecast that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Several institutional investors and hedge funds have recently made changes to their positions in CNTY. GSA Capital Partners LLP lifted its stake in shares of Century Casinos by 214.6% during the first quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after buying an additional 100,333 shares during the period. Empowered Funds LLC lifted its position in Century Casinos by 8.1% during the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock valued at $212,000 after purchasing an additional 5,042 shares during the period. Vanguard Group Inc. lifted its position in Century Casinos by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after purchasing an additional 13,372 shares during the period. Nokomis Capital L.L.C. lifted its position in Century Casinos by 9.3% during the first quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock valued at $6,174,000 after purchasing an additional 165,452 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Century Casinos during the first quarter valued at $51,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.

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.