Royce & Associates LP Has $4.74 Million Stake in Century Casinos, Inc. (NASDAQ:CNTY)

Key Points

• Royce & Associates LP has reduced its stake in Century Casinos, Inc. by 5.7%, owning approximately 9.15% of the company worth $4.74 million after selling 168,535 shares.
• Several institutional investors have adjusted their positions, with Cambridge Investment Research Advisors Inc. increasing its stake by 21.1%, now owning 760,800 shares valued at $1.29 million.
• Century Casinos reported a quarterly loss with an EPS of ($0.67), missing estimates and expecting a consensus forecast of (-2.66) EPS for the current fiscal year.

Royce & Associates LP cut its stake in shares of Century Casinos, Inc. (NASDAQ:CNTY - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,806,586 shares of the company's stock after selling 168,535 shares during the period. Royce & Associates LP owned 9.15% of Century Casinos worth $4,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew 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 worth $1,286,000 after purchasing an additional 132,700 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in shares of 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 acquiring an additional 43,006 shares in the last quarter. JB Capital Partners LP bought a new position in shares of Century Casinos in the fourth quarter valued at approximately $124,000. Wealthedge Investment Advisors LLC bought a new position in shares of Century Casinos in the fourth quarter valued at approximately $112,000. Finally, Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 33,635 shares in the last quarter. Institutional investors and hedge funds own 66.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on CNTY. JMP Securities set a $3.00 price target on shares of Century Casinos in a research report on Friday, July 18th. Citigroup reiterated a "market outperform" rating on shares of Century Casinos in a research note on Friday, July 18th. Finally, Wall Street Zen raised shares of Century Casinos from a "sell" rating to a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Century Casinos has a consensus rating of "Moderate Buy" and an average price target of $5.00.

Century Casinos Stock Up 1.9%

CNTY traded up $0.05 during trading on Thursday, reaching $2.43. The company had a trading volume of 32,171 shares, compared to its average volume of 82,337. The company has a debt-to-equity ratio of 16.39, a current ratio of 1.42 and a quick ratio of 1.38. Century Casinos, Inc. has a 12 month low of $1.30 and a 12 month high of $5.09. The business's fifty day moving average price is $2.27 and its 200 day moving average price is $2.23. The company has a market cap of $74.44 million, a P/E ratio of -0.55 and a beta of 2.15.

Century Casinos (NASDAQ:CNTY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.11). The business had revenue of $130.44 million during 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 period in the prior year, the firm earned ($0.46) EPS. Equities analysts anticipate that Century Casinos, Inc. 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.