Century Casinos’ (CNTY) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Century Casinos (NASDAQ:CNTY) in a research note issued to investors on Monday morning,Benzinga reports. JMP Securities currently has a $5.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum started coverage on shares of Century Casinos in a research note 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Performance

NASDAQ CNTY opened at $3.02 on Monday. The company has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.03. The company has a market capitalization of $92.66 million, a PE ratio of -1.24 and a beta of 2.64. Century Casinos has a 1 year low of $1.94 and a 1 year high of $5.09. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74.

Century Casinos (NASDAQ:CNTY) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (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 during the quarter, compared to analyst estimates of $158.10 million. During the same period last year, the company earned ($0.47) earnings per share. As a group, analysts expect that Century Casinos will post -2.39 earnings per share for the current year.

Hedge Funds Weigh In On Century Casinos

Several institutional investors have recently bought and sold shares of CNTY. Sei Investments Co. purchased a new stake in shares of Century Casinos in the second quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Century Casinos in the second quarter valued at about $103,000. Empowered Funds LLC boosted its holdings in Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after purchasing an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Century Casinos during the 2nd quarter worth approximately $215,000. Finally, Squarepoint Ops LLC raised its stake 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 worth $324,000 after buying an additional 45,695 shares in the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.

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.