Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Update

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 108,906 shares, an increase of 39.7% from the December 15th total of 77,965 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 178,000 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 178,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of Century Casinos

A number of institutional investors have recently modified their holdings of CNTY. AWM Investment Company Inc. raised its position in Century Casinos by 6.4% in the second quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock worth $4,644,000 after acquiring an additional 132,745 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Century Casinos by 112.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock worth $248,000 after purchasing an additional 98,724 shares during the period. Fidelity National Financial Inc. purchased a new position in shares of Century Casinos in the 3rd quarter valued at about $420,000. Mink Brook Asset Management LLC lifted its stake in shares of Century Casinos by 13.3% in the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after purchasing an additional 16,004 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after purchasing an additional 30,998 shares during the period. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CNTY shares. Stifel Nicolaus reduced their target price on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Century Casinos in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Century Casinos Stock Down 3.0%

Shares of NASDAQ:CNTY opened at $1.62 on Friday. Century Casinos has a fifty-two week low of $1.23 and a fifty-two week high of $3.28. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 83.68. The firm’s 50-day simple moving average is $1.46 and its 200-day simple moving average is $2.09. The company has a market cap of $47.69 million, a price-to-earnings ratio of -0.46 and a beta of 1.92.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. The firm had revenue of $153.72 million during the quarter, compared to analyst estimates of $165.70 million. As a group, equities research analysts predict that Century Casinos will post -2.66 earnings per share for the current year.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.