Wealthedge Investment Advisors LLC Acquires 114,431 Shares of Century Casinos, Inc. (NASDAQ:CNTY)

Key Points

• Wealthedge Investment Advisors LLC significantly increased its stake in Century Casinos, Inc. by 330.9% in Q1, now holding a total of 149,014 shares valued at approximately $252,000.
• Century Casinos has received a range of analyst ratings, with one hold and five buy ratings, and a consensus price target of $5.00, while the stock currently trades around $2.39.
• Despite a revenue of $150.82 million last quarter, Century Casinos reported negative earnings per share of ($0.40), missing expectations and reflecting a negative net margin of 18.43%.

Wealthedge Investment Advisors LLC boosted its stake in Century Casinos, Inc. (NASDAQ:CNTY - Free Report) by 330.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,014 shares of the company's stock after acquiring an additional 114,431 shares during the period. Wealthedge Investment Advisors LLC owned 0.49% of Century Casinos worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CNTY. Cambridge Investment Research Advisors Inc. raised its stake in shares of Century Casinos by 21.1% in the first 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 period. XTX Topco Ltd purchased a new stake in Century Casinos in the 4th quarter worth about $51,000. Raymond James Financial Inc. bought a new stake in Century Casinos in the 4th quarter valued at about $74,000. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 17,815 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Century Casinos by 120.4% during the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock worth $200,000 after purchasing an additional 33,635 shares during the period. Institutional investors own 66.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JMP Securities set a $3.00 price target on shares of Century Casinos in a research report on Friday, July 18th. Citigroup restated a "market outperform" rating on shares of Century Casinos in a research report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.

Century Casinos Price Performance

Shares of NASDAQ:CNTY opened at $2.39 on Friday. The company has a 50 day moving average of $2.34 and a 200 day moving average of $2.17. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 20.62. The stock has a market cap of $71.75 million, a P/E ratio of -0.69 and a beta of 2.20. Century Casinos, Inc. has a 12 month low of $1.30 and a 12 month high of $5.09.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $150.82 million for the quarter, compared to analysts' expectations of $148.70 million. As a group, sell-side analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current fiscal 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.

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