StockNews.com Downgrades Century Casinos (NASDAQ:CNTY) to Sell

StockNews.com cut shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other equities analysts also recently commented on the stock. Macquarie lowered their target price on shares of Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Craig Hallum assumed coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They set a “buy” rating and a $8.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, JMP Securities restated a “market outperform” rating and set a $5.00 price target on shares of Century Casinos in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, Century Casinos has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Trading Down 2.1 %

Century Casinos stock opened at $1.84 on Tuesday. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The company has a market capitalization of $56.46 million, a price-to-earnings ratio of -0.76 and a beta of 2.71. Century Casinos has a one year low of $1.64 and a one year high of $5.09. The company’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $3.10.

Institutional Investors Weigh In On Century Casinos

A number of hedge funds have recently bought and sold shares of CNTY. XTX Topco Ltd bought a new stake in Century Casinos during the fourth quarter valued at about $51,000. Raymond James Financial Inc. bought a new stake in shares of Century Casinos in the fourth quarter valued at about $74,000. Marshall Wace LLP bought a new stake in shares of Century Casinos in the fourth quarter valued at about $85,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Century Casinos in the fourth quarter valued at about $112,000. Finally, JB Capital Partners LP bought a new stake in shares of Century Casinos in the fourth quarter valued at about $124,000. 66.36% of the stock is currently owned by 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.