Century Casinos, Inc. (NASDAQ:CNTY) Sees Significant Decline in Short Interest

Key Points

• Century Casinos, Inc. experienced a 45.4% decrease in short interest in July, with short interest totaling 61,700 shares as of July 31st.
• The company's stock reported a negative EPS of ($0.40) for the last quarter, missing the consensus estimate by $0.03, while revenue reached $150.82 million.
• Analysts have set a target price of $5.00 for the stock, with an average rating of "Moderate Buy" based on recent evaluations from multiple brokerages.

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 61,700 shares, adecreaseof45.4% from the July 15th total of 113,000 shares. Currently,0.2% of the company's shares are short sold. Based on an average trading volume of 76,900 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 76,900 shares, the days-to-cover ratio is presently 0.8 days. Currently,0.2% of the company's shares are short sold.

Century Casinos Trading Down 3.1%

CNTY traded down $0.08 during midday trading on Friday, reaching $2.50. 68,892 shares of the company's stock traded hands, compared to its average volume of 65,807. The firm has a fifty day moving average of $2.37 and a two-hundred day moving average of $2.15. The stock has a market capitalization of $75.05 million, a price-to-earnings ratio of -0.73 and a beta of 2.20. The company has a debt-to-equity ratio of 20.62, a current ratio of 1.42 and a quick ratio of 1.37. Century Casinos has a 52 week low of $1.30 and a 52 week high of $5.09.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.03). The business had revenue of $150.82 million for the quarter, compared to the consensus estimate of $148.70 million. Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. On average, equities analysts anticipate that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JMP Securities set a $3.00 target price on Century Casinos in a report on Friday, July 18th. Citigroup restated a "market outperform" rating on shares of Century Casinos in a report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $5.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CNTY. AWM Investment Company Inc. raised its position in Century Casinos by 22.3% during the 1st quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company's stock valued at $3,486,000 after purchasing an additional 375,761 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Century Casinos by 21.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock worth $1,286,000 after buying an additional 132,700 shares during the period. Mink Brook Asset Management LLC purchased a new stake in Century Casinos in the first quarter worth about $203,000. Wealthedge Investment Advisors LLC lifted its holdings in Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company's stock worth $252,000 after buying an additional 114,431 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Century Casinos by 120.4% in the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock worth $200,000 after buying an additional 33,635 shares during the period. Institutional investors own 66.36% of the company's stock.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.