Century Casinos (NASDAQ:CNTY) Upgraded by StockNews.com to “Hold” Rating

by · The Cerbat Gem

Century Casinos (NASDAQ:CNTY – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities analysts have also issued research reports about the company. Macquarie reduced their price objective on Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus reduced their price target 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 reissued a “market outperform” rating and set a $5.00 price objective on shares of Century Casinos in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.50.

Get Our Latest Stock Analysis on Century Casinos

Century Casinos Price Performance

Shares of NASDAQ:CNTY traded down $0.05 during trading on Friday, reaching $1.40. The stock had a trading volume of 64,799 shares, compared to its average volume of 115,034. The stock has a market capitalization of $42.96 million, a PE ratio of -0.58 and a beta of 2.51. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. Century Casinos has a 52 week low of $1.33 and a 52 week high of $5.09. The business’s 50-day moving average price is $2.32 and its 200 day moving average price is $3.00.

Institutional Investors Weigh In On Century Casinos

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Century Casinos in the fourth quarter valued at about $51,000. Raymond James Financial Inc. acquired a new position in Century Casinos during the 4th quarter valued at about $74,000. Marshall Wace LLP bought a new position in shares of Century Casinos in the 4th quarter valued at about $85,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $112,000. Finally, JB Capital Partners LP acquired a new stake in shares of Century Casinos during the 4th quarter worth approximately $124,000. Institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

(Get Free Report)

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.

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