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

Century Casinos (NASDAQ:CNTY) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also weighed in on CNTY. Stifel Nicolaus dropped their price target on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. JMP Securities restated a “market outperform” rating and set a $5.00 price target on shares of Century Casinos in a research note on Monday, January 27th. Craig Hallum started coverage on Century Casinos in a research note on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Macquarie dropped their price target on Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Century Casinos presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Stock Down 6.3 %

Century Casinos stock traded down $0.13 during trading hours on Tuesday, reaching $1.92. The stock had a trading volume of 73,647 shares, compared to its average volume of 116,601. The company has a market cap of $58.91 million, a price-to-earnings ratio of -0.79 and a beta of 2.71. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The business’s 50 day moving average price is $2.87 and its 200-day moving average price is $3.12. Century Casinos has a 52 week low of $1.64 and a 52 week high of $5.09.

Institutional Investors Weigh In On Century Casinos

A number of large investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after buying an additional 3,752 shares during the last quarter. Renaissance Technologies LLC boosted its position in Century Casinos by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company’s stock valued at $554,000 after buying an additional 3,800 shares during the last quarter. Geode Capital Management LLC boosted its position in Century Casinos by 1.9% in the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock valued at $726,000 after buying an additional 5,220 shares during the last quarter. XTX Topco Ltd purchased a new stake in Century Casinos in the fourth quarter valued at approximately $51,000. Finally, Dimensional Fund Advisors LP boosted its position in Century Casinos by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company’s stock valued at $501,000 after buying an additional 17,815 shares during the last quarter. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

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.