Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Up 28.2% in May

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 151,300 shares, an increase of 28.2% from the May 15th total of 118,000 shares. Based on an average daily volume of 116,700 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Century Casinos

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of Century Casinos by 35.8% during the first 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 last quarter. AWM Investment Company Inc. increased its holdings in Century Casinos by 22.3% in the first 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 period. Mink Brook Asset Management LLC bought a new position in Century Casinos during the 1st quarter worth $203,000. Wealthedge Investment Advisors LLC lifted its holdings in Century Casinos by 330.9% during the 1st 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, Cambridge Investment Research Advisors Inc. lifted its holdings in Century Casinos by 21.1% during the 1st 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. 66.36% of the stock is owned by institutional investors.

Century Casinos Price Performance

CNTY stock traded up $0.01 during midday trading on Tuesday, reaching $2.32. 81,231 shares of the stock were exchanged, compared to its average volume of 109,121. Century Casinos has a 52 week low of $1.30 and a 52 week high of $5.09. The company has a fifty day moving average price of $1.72 and a 200 day moving average price of $2.45. The company has a debt-to-equity ratio of 16.39, a current ratio of 1.42 and a quick ratio of 1.38. The stock has a market capitalization of $71.18 million, a PE ratio of -0.53 and a beta of 2.14.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.11). The firm had revenue of $130.44 million for the quarter, compared to the consensus estimate of $139.55 million. Century Casinos had a negative return on equity of 81.24% and a negative net margin of 23.71%. During the same quarter last year, the firm posted ($0.46) earnings per share. As a group, analysts expect that Century Casinos will post -2.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen upgraded Century Casinos from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Stifel Nicolaus dropped their target price on shares of Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday, March 14th. Macquarie reduced their price target on shares of Century Casinos from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Finally, JMP Securities lowered their price objective on shares of Century Casinos from $4.00 to $3.00 and set a "market outperform" rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.

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.

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