Royce & Associates LP Cuts Position in Century Casinos, Inc. $CNTY

Royce & Associates LP cut its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 32.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,585,158 shares of the company’s stock after selling 744,333 shares during the quarter. Royce & Associates LP owned about 0.05% of Century Casinos worth $2,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mink Brook Asset Management LLC increased its holdings in shares of 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 acquiring an additional 16,004 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 30,998 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Century Casinos by 18.5% in the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after acquiring an additional 11,793 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Century Casinos in the 3rd quarter valued at $117,000. Finally, XTX Topco Ltd purchased a new position in shares of Century Casinos in the 2nd quarter valued at $51,000. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

Century Casinos Stock Up 1.5%

Century Casinos stock opened at $1.36 on Friday. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.22 and a quick ratio of 1.18. The stock has a market capitalization of $38.31 million, a price-to-earnings ratio of -0.70 and a beta of 1.69. Century Casinos, Inc. has a 1-year low of $1.23 and a 1-year high of $2.85. The business has a fifty day moving average price of $1.41 and a 200-day moving average price of $1.47.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.06. The firm had revenue of $137.24 million during the quarter, compared to analysts’ expectations of $138.40 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.88%. Equities research analysts forecast that Century Casinos, Inc. will post -1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CNTY has been the topic of a number of analyst reports. Weiss Ratings upgraded Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Stifel Nicolaus set a $3.00 price target on Century Casinos in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Century Casinos currently has a consensus rating of “Hold” and an average price target of $3.00.

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.