Century Casinos (NASDAQ:CNTY) Upgraded at JMP Securities

JMP Securities upgraded shares of Century Casinos (NASDAQ:CNTY) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have $5.00 price target on the stock.

Separately, Macquarie decreased their target price on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th.

Century Casinos Trading Up 6.5 %

CNTY opened at $4.12 on Tuesday. The stock’s fifty day simple moving average is $2.73 and its 200 day simple moving average is $2.68. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96.

Century Casinos (NASDAQ:CNTY) last posted 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 return on equity of 38.97% and a negative net margin of 12.73%. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the prior year, the business posted ($0.47) EPS. Equities research analysts expect that Century Casinos will post -2.33 EPS for the current fiscal year.

Institutional Trading of Century Casinos

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its holdings in shares of Century Casinos by 2.2% during the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after purchasing an additional 61,522 shares during the period. Nokomis Capital L.L.C. increased its stake in Century Casinos by 9.3% during the 1st quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock worth $6,174,000 after acquiring an additional 165,452 shares during the period. Vanguard Group Inc. raised its holdings in Century Casinos by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after acquiring an additional 13,372 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in Century Casinos by 27.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after acquiring an additional 325,890 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Century Casinos by 214.6% during the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock valued at $465,000 after acquiring an additional 100,333 shares during the period. Institutional investors and hedge funds own 66.36% of the company’s stock.

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.