JMP Securities Cuts Century Casinos (NASDAQ:CNTY) Price Target to $3.00

Century Casinos (NASDAQ:CNTY) had its price target cut by JMP Securities from $4.00 to $3.00 in a research note published on Tuesday,Benzinga reports. They currently have a market outperform rating on the stock.

CNTY has been the topic of a number of other reports. Stifel Nicolaus reduced 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. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Macquarie reduced 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Century Casinos has an average rating of “Moderate Buy” and an average price target of $5.00.

Century Casinos Price Performance

CNTY opened at $1.77 on Tuesday. 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 52-week low of $1.30 and a 52-week high of $5.09. The company has a 50 day moving average of $1.60 and a two-hundred day moving average of $2.79. The company has a market cap of $54.31 million, a P/E ratio of -0.73 and a beta of 2.02.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.11). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The business had revenue of $130.44 million for the quarter, compared to analysts’ expectations of $139.55 million. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. On average, analysts expect that Century Casinos will post -2.66 earnings per share for the current year.

Institutional Trading of Century Casinos

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Century Casinos in the fourth quarter valued at $51,000. Raymond James Financial Inc. acquired a new stake in Century Casinos in the fourth quarter valued at $74,000. Marshall Wace LLP acquired a new stake in Century Casinos in the fourth quarter valued at $85,000. Wealthedge Investment Advisors LLC acquired a new stake in Century Casinos in the fourth quarter valued at $112,000. Finally, JB Capital Partners LP acquired a new stake in Century Casinos in the fourth quarter valued at $124,000. 66.36% of the stock is 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.