Century Casinos, Inc. (NASDAQ:CNTY – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 296,000 shares, a decrease of 7.5% from the July 31st total of 320,000 shares. Based on an average daily volume of 64,600 shares, the short-interest ratio is presently 4.6 days. Approximately 1.1% of the company’s shares are short sold.
Century Casinos Stock Up 0.9 %
Shares of Century Casinos stock traded up $0.06 on Friday, reaching $6.56. 80,358 shares of the company were exchanged, compared to its average volume of 66,287. The stock’s 50 day moving average price is $7.24 and its 200-day moving average price is $7.45. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.87 and a quick ratio of 1.81. The company has a market cap of $198.96 million, a P/E ratio of -43.33 and a beta of 2.52. Century Casinos has a 1-year low of $6.10 and a 1-year high of $10.41.
Century Casinos (NASDAQ:CNTY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.18). The business had revenue of $136.76 million during the quarter, compared to analyst estimates of $130.77 million. Century Casinos had a negative net margin of 0.93% and a negative return on equity of 2.43%. During the same period last year, the company earned $0.28 earnings per share. As a group, equities analysts forecast that Century Casinos will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Century Casinos
Several large investors have recently modified their holdings of CNTY. UBS Group AG raised its position in Century Casinos by 671.5% during the fourth quarter. UBS Group AG now owns 6,689 shares of the company’s stock worth $47,000 after acquiring an additional 5,822 shares during the last quarter. Citigroup Inc. acquired a new position in Century Casinos during the second quarter worth about $61,000. BNP Paribas Arbitrage SA raised its position in Century Casinos by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 9,486 shares of the company’s stock worth $68,000 after acquiring an additional 3,157 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Century Casinos during the second quarter worth about $77,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Century Casinos during the first quarter worth about $85,000. 71.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and set a $13.00 price target on shares of Century Casinos in a research note on Tuesday, July 25th. JMP Securities lowered their price objective on Century Casinos from $12.00 to $11.00 in a research report on Monday, July 17th. Finally, StockNews.com initiated coverage on Century Casinos in a research report on Thursday, August 17th. They set a “buy” rating for the company.
About Century Casinos
Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. Century Casinos, Inc was founded in 1992 and is based in Colorado Springs, Colorado.