JMP Securities Reiterates “Market Outperform” Rating for Century Casinos (NASDAQ:CNTY)

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating reissued by research analysts at JMP Securities in a report released on Monday,Benzinga reports. They currently have a $5.00 price objective on the stock. JMP Securities’ target price would indicate a potential upside of 65.56% from the company’s current price.

CNTY has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum began coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Stock Performance

Shares of CNTY stock opened at $3.02 on Monday. Century Casinos has a one year low of $1.94 and a one year high of $5.09. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The firm’s 50 day moving average price is $3.51 and its 200-day moving average price is $3.03. The firm has a market cap of $92.65 million, a P/E ratio of -1.24 and a beta of 2.64.

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

Institutional Trading of Century Casinos

Large investors have recently made changes to their positions in the company. Sei Investments Co. acquired a new position in shares of Century Casinos during the 2nd quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Century Casinos in the 2nd quarter valued at $103,000. Empowered Funds LLC raised 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 worth $194,000 after acquiring an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Century Casinos in the second quarter valued at $215,000. Finally, Squarepoint Ops LLC lifted its position in Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after acquiring an additional 45,695 shares during the last quarter. 66.36% of the stock is currently owned by hedge funds and other 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.