Royce & Associates LP Sells 744,333 Shares of Century Casinos, Inc. $CNTY

Royce & Associates LP reduced its holdings in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 32.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,585,158 shares of the company’s stock after selling 744,333 shares during the period. Royce & Associates LP owned about 5.38% of Century Casinos worth $2,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legato Capital Management LLC bought a new stake in shares of Century Casinos during the 4th quarter worth approximately $25,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of Century Casinos during the 4th quarter worth approximately $508,000. Assenagon Asset Management S.A. lifted its stake in shares of Century Casinos by 112.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock worth $248,000 after acquiring an additional 98,724 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Century Casinos during the 3rd quarter worth approximately $26,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Century Casinos during the 3rd quarter worth approximately $117,000. 66.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings upgraded Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Stifel Nicolaus set a $3.00 price objective on Century Casinos in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Century Casinos Trading Up 1.5%

CNTY opened at $1.36 on Friday. The stock’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.47. The company has a market capitalization of $38.31 million, a P/E ratio of -0.70 and a beta of 1.69. Century Casinos, Inc. has a 52 week low of $1.23 and a 52 week high of $2.85. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.06. The company had revenue of $137.24 million for the quarter, compared to the consensus estimate of $138.40 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.88%. Analysts forecast that Century Casinos, Inc. will post -1.73 earnings per share for the current year.

About Century Casinos

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.