Century Casinos, Inc. (CNTY) Position Reduced by Alambic Investment Management L.P.
Alambic Investment Management L.P. reduced its position in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 6.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 132,581 shares of the company’s stock after selling 9,740 shares during the period. Alambic Investment Management L.P. owned 0.54% of Century Casinos worth $916,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rice Hall James & Associates LLC boosted its position in shares of Century Casinos by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 744,008 shares of the company’s stock worth $4,635,000 after buying an additional 8,749 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Century Casinos by 15.9% in the second quarter. Bank of New York Mellon Corp now owns 292,259 shares of the company’s stock worth $1,821,000 after buying an additional 40,134 shares during the period. California State Teachers Retirement System purchased a new position in shares of Century Casinos during the second quarter worth about $279,000. Emerald Acquisition Ltd. purchased a new position in shares of Century Casinos during the second quarter worth about $331,000. Finally, Nationwide Fund Advisors boosted its position in shares of Century Casinos by 212.4% in the second quarter. Nationwide Fund Advisors now owns 21,869 shares of the company’s stock worth $136,000 after buying an additional 14,869 shares during the period. 73.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Century Casinos, Inc. (NASDAQ:CNTY) traded up 0.95% during mid-day trading on Friday, reaching $7.47. 13,110 shares of the company’s stock were exchanged. Century Casinos, Inc. has a 52-week low of $5.34 and a 52-week high of $8.27. The firm has a market cap of $182.60 million, a P/E ratio of 26.97 and a beta of -0.19. The company has a 50 day moving average price of $7.41 and a 200 day moving average price of $6.66.
Century Casinos (NASDAQ:CNTY) last posted its earnings results on Tuesday, November 1st. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Century Casinos had a return on equity of 5.26% and a net margin of 5.02%. The company earned $34.53 million during the quarter, compared to analysts’ expectations of $36.16 million. Analysts forecast that Century Casinos, Inc. will post $0.35 earnings per share for the current fiscal year.
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A number of brokerages have weighed in on CNTY. Zacks Investment Research upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Monday, January 2nd. TheStreet lowered shares of Century Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th.
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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