Century Casinos (NASDAQ:CNTY) Rating Lowered to Sell at BidaskClub

Century Casinos (NASDAQ:CNTY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, February 6th.

Several other analysts have also issued reports on the company. Stifel Nicolaus began coverage on Century Casinos in a research note on Wednesday, January 10th. They issued a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.58.

Shares of Century Casinos (CNTY) opened at $8.66 on Tuesday. Century Casinos has a twelve month low of $6.28 and a twelve month high of $9.85. The stock has a market capitalization of $248.45, a PE ratio of 14.93 and a beta of -0.23. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in Century Casinos during the 4th quarter worth about $100,000. Strs Ohio acquired a new stake in shares of Century Casinos in the 4th quarter valued at about $151,000. The Manufacturers Life Insurance Company grew its stake in shares of Century Casinos by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock valued at $171,000 after buying an additional 4,044 shares during the period. Rhumbline Advisers grew its stake in shares of Century Casinos by 39.5% in the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock valued at $173,000 after buying an additional 6,625 shares during the period. Finally, Numeric Investors LLC acquired a new stake in shares of Century Casinos in the 2nd quarter valued at about $203,000. 63.74% of the stock is owned by institutional investors and hedge funds.

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Century Casinos Company Profile

Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).

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