Perritt Capital Management Inc. lowered its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 3.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 311,250 shares of the company’s stock after selling 10,000 shares during the period. Century Casinos makes up approximately 1.2% of Perritt Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Perritt Capital Management Inc.’s holdings in Century Casinos were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in Century Casinos by 533.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock valued at $52,000 after buying an additional 4,816 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Century Casinos during the 2nd quarter valued at $57,000. Metropolitan Life Insurance Co NY purchased a new stake in Century Casinos during the 1st quarter valued at $86,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Century Casinos in the 2nd quarter worth $127,000. Finally, MetLife Investment Advisors LLC bought a new stake in Century Casinos in the 1st quarter worth $120,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Shares of NASDAQ CNTY traded up $0.41 during midday trading on Wednesday, hitting $9.13. 2,953 shares of the company traded hands, compared to its average volume of 106,787. The stock has a 50-day moving average price of $8.50 and a 200 day moving average price of $8.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.09. The firm has a market cap of $246.19 million, a P/E ratio of 83.18, a P/E/G ratio of 1.22 and a beta of 0.84. Century Casinos, Inc. has a 12-month low of $5.77 and a 12-month high of $10.41.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.08). The firm had revenue of $52.45 million during the quarter, compared to analysts’ expectations of $48.75 million. Century Casinos had a return on equity of 1.52% and a net margin of 1.42%. As a group, equities analysts expect that Century Casinos, Inc. will post 0.28 earnings per share for the current year.

A number of research firms have issued reports on CNTY. Zacks Investment Research cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Craig Hallum set a $12.00 target price on shares of Century Casinos and gave the stock a “buy” rating in a report on Monday, June 17th. TheStreet cut Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st. Finally, BidaskClub upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.00.

Century Casinos Profile

Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.

Further Reading: Gap Down Stocks

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Institutional Ownership by Quarter for Century Casinos (NASDAQ:CNTY)

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