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

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

A number of other brokerages also recently issued reports on CNTY. JMP Securities downgraded Century Casinos from an outperform rating to a market perform rating in a research report on Thursday, January 18th. Macquarie raised Century Casinos from a neutral rating to an outperform rating in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus reissued a buy rating and set a $4.00 price objective on shares of Century Casinos in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $9.00.

Century Casinos Stock Up 1.0 %

Shares of CNTY opened at $2.94 on Friday. The stock has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $3.91. The company has a quick ratio of 2.16, a current ratio of 2.21 and a debt-to-equity ratio of 4.58. The company has a market capitalization of $89.26 million, a PE ratio of -3.16 and a beta of 2.61. Century Casinos has a 52-week low of $2.46 and a 52-week high of $8.11.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.01). The business had revenue of $143.76 million for the quarter, compared to analyst estimates of $142.60 million. Century Casinos had a negative return on equity of 13.42% and a negative net margin of 5.12%. During the same period in the previous year, the business posted ($0.14) earnings per share. As a group, equities analysts forecast that Century Casinos will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Century Casinos

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of Century Casinos by 671.5% in the 4th quarter. UBS Group AG now owns 6,689 shares of the company’s stock valued at $47,000 after buying an additional 5,822 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Century Casinos by 812.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,605 shares of the company’s stock valued at $54,000 after buying an additional 9,443 shares during the period. Citigroup Inc. purchased a new position in shares of Century Casinos in the 2nd quarter valued at about $61,000. BNP Paribas Arbitrage SA boosted its stake in shares of Century Casinos by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,486 shares of the company’s stock valued at $68,000 after buying an additional 3,157 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Century Casinos in the 2nd quarter valued at about $77,000. 66.36% of the stock is currently owned by hedge funds and other 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.