Century Casinos’ (CNTY) “Sell (E+)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Century Casinos (NASDAQ:CNTY) in a research note released on Tuesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on CNTY. Citigroup reaffirmed a “market outperform” rating on shares of Century Casinos in a report on Friday, July 18th. JMP Securities set a $3.00 price target on Century Casinos in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Century Casinos Stock Performance

Shares of CNTY stock opened at $2.33 on Tuesday. The stock has a market capitalization of $69.95 million, a PE ratio of -0.68 and a beta of 2.00. Century Casinos has a 52-week low of $1.30 and a 52-week high of $5.09. The stock’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.16. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 20.62.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. The company had revenue of $150.82 million during the quarter, compared to analyst estimates of $148.70 million. As a group, equities research analysts forecast that Century Casinos will post -2.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Century Casinos in the 2nd quarter valued at $51,000. Assenagon Asset Management S.A. raised its holdings in Century Casinos by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock valued at $229,000 after acquiring an additional 9,654 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Century Casinos by 35.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after acquiring an additional 30,998 shares during the last quarter. Mink Brook Asset Management LLC acquired a new stake in shares of Century Casinos during the 1st quarter worth $203,000. Finally, Wealthedge Investment Advisors LLC increased its holdings in shares of Century Casinos by 330.9% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock worth $252,000 after buying an additional 114,431 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

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.