Mink Brook Asset Management LLC Acquires Shares of 119,997 Century Casinos, Inc. $CNTY

Key Points

• Mink Brook Asset Management LLC has acquired 119,997 shares of Century Casinos, Inc., valued at approximately $203,000, making it the 27th largest position in their portfolio.
• Century Casinos has a current consensus rating of "Buy" with a price target set at $5.00 by analysts, despite recent losses in its quarterly earnings report.
• The stock trades at $2.50 with a market capitalization of $75.05 million, having a negative P/E ratio of -0.73 and a 12-month trading range between $1.30 and $5.09.

Mink Brook Asset Management LLC bought a new stake in Century Casinos, Inc. (NASDAQ:CNTY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 119,997 shares of the company's stock, valued at approximately $203,000. Century Casinos comprises about 0.2% of Mink Brook Asset Management LLC's holdings, making the stock its 27th biggest holding. Mink Brook Asset Management LLC owned approximately 0.39% of Century Casinos as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNTY. Cambridge Investment Research Advisors Inc. raised its position in Century Casinos by 21.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock valued at $1,286,000 after buying an additional 132,700 shares during the last quarter. Wealthedge Investment Advisors LLC grew its stake in Century Casinos by 330.9% in the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company's stock valued at $252,000 after purchasing an additional 114,431 shares in the last quarter. AWM Investment Company Inc. grew its stake in Century Casinos by 2.6% in the fourth quarter. AWM Investment Company Inc. now owns 1,687,043 shares of the company's stock valued at $5,466,000 after purchasing an additional 43,006 shares in the last quarter. Jane Street Group LLC grew its stake in Century Casinos by 120.4% in the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock valued at $200,000 after purchasing an additional 33,635 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Century Casinos in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 66.36% of the company's stock.

Century Casinos Stock Performance

NASDAQ CNTY traded up $0.04 on Wednesday, reaching $2.70. The stock had a trading volume of 38,514 shares, compared to its average volume of 72,937. The company has a debt-to-equity ratio of 20.62, a current ratio of 1.42 and a quick ratio of 1.37. The company has a market cap of $81.05 million, a P/E ratio of -0.78 and a beta of 2.20. The firm has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.14. Century Casinos, Inc. has a 1-year low of $1.30 and a 1-year high of $5.09.

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

Analyst Upgrades and Downgrades

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

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.