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

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) saw a large increase in short interest in 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. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 116,700 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

CNTY has been the subject of several recent analyst reports. Macquarie cut their price target on shares of Century Casinos from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Wall Street Zen upgraded shares of Century Casinos from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Stifel Nicolaus reduced their target price on shares of Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, JMP Securities reduced their target price 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Century Casinos has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.

Institutional Investors Weigh In On Century Casinos

A number of institutional investors have recently made changes to their positions in CNTY. XTX Topco Ltd acquired a new stake in shares of Century Casinos during the fourth quarter valued at about $51,000. Raymond James Financial Inc. acquired a new stake in shares of Century Casinos during the fourth quarter valued at about $74,000. Marshall Wace LLP acquired a new stake in shares of Century Casinos during the fourth quarter valued at about $85,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Century Casinos during the fourth quarter valued at about $112,000. Finally, JB Capital Partners LP acquired a new stake in shares of Century Casinos during the fourth quarter valued at about $124,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Century Casinos Trading Up 1.2%

Century Casinos stock traded up $0.03 during midday trading on Friday, hitting $2.45. 42,871 shares of the stock were exchanged, compared to its average volume of 108,344. Century Casinos has a fifty-two week low of $1.30 and a fifty-two week high of $5.09. The stock has a market capitalization of $75.17 million, a price-to-earnings ratio of -0.56 and a beta of 2.14. The stock's 50-day simple moving average is $1.78 and its 200 day simple moving average is $2.43. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 16.39.

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

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.