Century Casinos (NASDAQ:CNTY) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Century Casinos, Inc. (NASDAQ:CNTY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.05 and traded as high as $3.13. Century Casinos shares last traded at $3.12, with a volume of 56,385 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CNTY shares. JMP Securities reissued a “market outperform” rating and set a $5.00 price objective on shares of Century Casinos in a research report on Monday, January 27th. Craig Hallum assumed coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price on the stock. Stifel Nicolaus upped their target price 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. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Price Performance

The business’s fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.05. 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 cap of $95.72 million, a P/E ratio of -1.28 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). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter last year, the firm earned ($0.47) earnings per share. As a group, analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares during the last quarter. Geode Capital Management LLC grew its holdings in Century Casinos by 1.9% in the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after purchasing an additional 5,220 shares during the period. Sei Investments Co. purchased a new stake in shares of Century Casinos during the second quarter valued at approximately $32,000. Squarepoint Ops LLC grew its holdings in shares of Century Casinos by 64.0% during the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after buying an additional 45,695 shares during the last quarter. Finally, Royce & Associates LP raised its position in Century Casinos by 2.2% in the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after acquiring an additional 61,522 shares during the period. 66.36% of the stock is currently owned by hedge funds and other 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.