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

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 81,011 shares, a drop of 25.6% from the December 31st total of 108,906 shares. Based on an average trading volume of 122,178 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 122,178 shares, the days-to-cover ratio is presently 0.7 days.

Century Casinos Stock Down 0.7%

Century Casinos stock traded down $0.01 during mid-day trading on Friday, hitting $1.52. The company’s stock had a trading volume of 53,546 shares, compared to its average volume of 77,393. The firm’s 50 day moving average is $1.47 and its 200 day moving average is $2.03. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.44 and a quick ratio of 1.39. Century Casinos has a 52-week low of $1.23 and a 52-week high of $3.26. The company has a market cap of $44.75 million, a PE ratio of -0.43 and a beta of 1.95.

Century Casinos (NASDAQ:CNTY) last released 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). The company had revenue of $153.72 million during the quarter, compared to the consensus estimate of $165.70 million. Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. On average, analysts anticipate that Century Casinos will post -2.66 earnings per share for the current year.

Hedge Funds Weigh In On Century Casinos

Several hedge funds and other institutional investors have recently modified their holdings of CNTY. AWM Investment Company Inc. increased its stake in Century Casinos by 6.4% during 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 during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Century Casinos by 112.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock valued at $248,000 after buying an additional 98,724 shares in the last quarter. Fidelity National Financial Inc. bought a new position in Century Casinos during the third quarter worth about $420,000. Mink Brook Asset Management LLC lifted its stake in Century Casinos by 13.3% in the 2nd 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 last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Century Casinos by 35.8% in the 1st 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 last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CNTY. Stifel Nicolaus dropped their price objective on 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 restated a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.67.

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.