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

Century Casinos (NASDAQ:CNTY)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $5.00 target price on the stock. JMP Securities’ target price points to a potential upside of 62.87% from the stock’s current price.

Several other analysts have also recently issued reports on CNTY. StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum assumed coverage on Century Casinos in a research report on Tuesday, November 26th. They set a “buy” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Stock Performance

NASDAQ:CNTY opened at $3.07 on Thursday. Century Casinos has a 52-week low of $1.94 and a 52-week high of $5.09. The business’s fifty day moving average is $3.68 and its 200 day moving average is $3.00. 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 has a market cap of $94.19 million, a price-to-earnings ratio of -1.26 and a beta of 2.64.

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

Institutional Trading of Century Casinos

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. purchased a new position in Century Casinos in the second quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Century Casinos during the second quarter worth about $103,000. Empowered Funds LLC boosted its holdings in shares of Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Century Casinos in the 2nd quarter worth about $215,000. Finally, Squarepoint Ops LLC increased its position in shares of Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after purchasing an additional 45,695 shares during the last quarter. Hedge funds and other institutional investors own 66.36% of the company’s stock.

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.