Wealthedge Investment Advisors LLC Has $252,000 Stake in Century Casinos, Inc. $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 holdings 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 fund owned 149,014 shares of the company's stock after buying an additional 114,431 shares during the quarter. Wealthedge Investment Advisors LLC owned 0.49% of Century Casinos worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CNTY. AWM Investment Company Inc. grew its holdings in shares of Century Casinos by 2.6% in the 4th quarter. AWM Investment Company Inc. now owns 1,687,043 shares of the company's stock worth $5,466,000 after acquiring an additional 43,006 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake 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 in the last quarter. Millennium Management LLC increased its stake in Century Casinos by 7.3% in the 4th quarter. Millennium Management LLC now owns 284,886 shares of the company's stock worth $923,000 after purchasing an additional 19,406 shares in the last quarter. Renaissance Technologies LLC increased its stake in Century Casinos by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 170,949 shares of the company's stock worth $554,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Century Casinos by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company's stock worth $501,000 after purchasing an additional 17,815 shares in the last quarter. Institutional investors and hedge funds own 66.36% of the company's stock.

Century Casinos Stock Performance

NASDAQ:CNTY remained flat at $2.51 on Thursday. The company's stock had a trading volume of 54,849 shares, compared to its average volume of 81,283. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42. Century Casinos, Inc. has a 52 week low of $1.30 and a 52 week high of $5.09. The firm's 50-day simple moving average is $2.35 and its 200-day simple moving average is $2.15. The firm has a market capitalization of $75.35 million, a P/E ratio of -0.73 and a beta of 2.20.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its earnings results 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). Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. The business had revenue of $150.82 million for the quarter, compared to analysts' expectations of $148.70 million. On average, research analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNTY shares. Citigroup reissued 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Century Casinos presently has an average rating of "Buy" and an average price target of $5.00.

Century Casinos 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.