Macquarie Cuts Century Casinos (NASDAQ:CNTY) Price Target to $5.00

Century Casinos (NASDAQ:CNTY) had its price objective dropped by equities researchers at Macquarie from $6.00 to $5.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 163.85% from the stock’s current price.

A number of other equities analysts also recently weighed in on CNTY. Craig Hallum initiated coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target on the stock. Stifel Nicolaus cut their target price on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $5.00 price target on shares of Century Casinos in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Trading Down 0.8 %

Shares of CNTY stock traded down $0.02 during trading hours on Friday, hitting $1.90. 135,551 shares of the company were exchanged, compared to its average volume of 117,746. The firm has a fifty day moving average of $2.94 and a 200 day moving average of $3.12. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos has a 1 year low of $1.64 and a 1 year high of $5.09. The firm has a market cap of $58.14 million, a PE ratio of -0.78 and a beta of 2.71.

Institutional Investors Weigh In On Century Casinos

A number of institutional investors and hedge funds have recently modified their holdings of CNTY. Empowered Funds LLC raised its position in shares of Century Casinos by 5.2% during 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 period. Renaissance Technologies LLC raised its holdings in Century Casinos by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 170,949 shares of the company’s stock worth $554,000 after buying an additional 3,800 shares during the period. Geode Capital Management LLC lifted its stake in Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock valued at $726,000 after buying an additional 5,220 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Century Casinos in the fourth quarter worth about $51,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Century Casinos by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company’s stock worth $501,000 after acquiring an additional 17,815 shares in the last quarter. Institutional investors and hedge funds 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.