Century Casinos (NASDAQ:CNTY) Upgraded at JMP Securities

Century Casinos (NASDAQ:CNTY) was upgraded by JMP Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Briefing.com reports. The firm presently has a $5.00 price objective on the stock. JMP Securities’ price target points to a potential upside of 35.14% from the stock’s previous close.

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

Century Casinos Stock Up 11.8 %

CNTY stock opened at $3.70 on Tuesday. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05. The business has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.66. The stock has a market capitalization of $113.52 million, a P/E ratio of -1.40 and a beta of 2.55. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.96). The company had revenue of $146.44 million during the quarter, compared to the consensus estimate of $154.60 million. Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Equities analysts forecast that Century Casinos will post -2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC lifted its holdings in Century Casinos by 27.1% during the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after purchasing an additional 325,890 shares in the last quarter. Nokomis Capital L.L.C. boosted its holdings in Century Casinos by 9.3% in the 1st quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock worth $6,174,000 after buying an additional 165,452 shares during the period. GSA Capital Partners LLP increased its stake in Century Casinos by 214.6% in the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after buying an additional 100,333 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Century Casinos during the second quarter valued at about $215,000. Finally, Squarepoint Ops LLC lifted its position in shares of Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after acquiring an additional 45,695 shares in the last quarter. 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.