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

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 significant drop in short interest in July. As of July 31st, there was short interest totaling 61,700 shares, adropof45.4% from the July 15th total of 113,000 shares. Approximately0.2% of the company's shares are short sold. Based on an average trading volume of 76,900 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 76,900 shares, the short-interest ratio is currently 0.8 days. Approximately0.2% of the company's shares are short sold.

Century Casinos Trading Down 3.1%

Shares of NASDAQ:CNTY traded down $0.08 during trading hours on Friday, hitting $2.50. 68,892 shares of the company's stock traded hands, compared to its average volume of 65,807. Century Casinos has a 1 year low of $1.30 and a 1 year high of $5.09. The business has a fifty day moving average price of $2.37 and a 200-day moving average price of $2.14. The firm has a market capitalization of $75.05 million, a P/E 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 (NASDAQ:CNTY - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. The business had revenue of $150.82 million for the quarter, compared to analysts' expectations of $148.70 million. Equities analysts expect that Century Casinos will post -2.66 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on CNTY. Citigroup reiterated a "market outperform" rating on shares of Century Casinos in a research report on Friday, July 18th. JMP Securities set a $3.00 target price on Century Casinos in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $5.00.

Institutional Trading of Century Casinos

Several institutional investors and hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. raised its stake in shares of Century Casinos by 6.4% during the second quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company's stock valued at $4,644,000 after acquiring an additional 132,745 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Century Casinos by 21.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock valued at $1,286,000 after acquiring an additional 132,700 shares in the last quarter. Millennium Management LLC raised its stake in shares of Century Casinos by 7.3% during the fourth quarter. Millennium Management LLC now owns 284,886 shares of the company's stock valued at $923,000 after acquiring an additional 19,406 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Century Casinos by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company's stock valued at $554,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Century Casinos by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company's stock valued at $501,000 after acquiring an additional 17,815 shares in the last quarter. Institutional investors own 66.36% of the company's stock.

About Century Casinos

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.