Century Casinos, Inc. (NASDAQ:CNTY) Sees Large Growth in Short Interest

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 108,906 shares, an increase of 39.7% from the December 15th total of 77,965 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 178,000 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 178,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Century Casinos

Several large investors have recently bought and sold shares of CNTY. Goldman Sachs Group Inc. boosted its position in shares of Century Casinos by 35.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after purchasing an additional 30,998 shares during the period. AWM Investment Company Inc. increased its position in Century Casinos by 6.4% during the second quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock worth $4,644,000 after buying an additional 132,745 shares during the period. Assenagon Asset Management S.A. lifted its stake in Century Casinos by 12.4% in the third quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock valued at $229,000 after buying an additional 9,654 shares during the last quarter. Fidelity National Financial Inc. acquired a new stake in shares of Century Casinos in the third quarter valued at approximately $420,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Century Casinos during the third quarter worth approximately $26,000. Institutional investors and hedge funds own 66.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNTY. Stifel Nicolaus cut their price target on Century Casinos from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Century Casinos in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Century Casinos Price Performance

CNTY stock opened at $1.62 on Friday. The business has a 50 day moving average price of $1.46 and a 200 day moving average price of $2.09. The stock has a market cap of $47.69 million, a price-to-earnings ratio of -0.46 and a beta of 1.92. Century Casinos has a fifty-two week low of $1.23 and a fifty-two week high of $3.28. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.07). The company had revenue of $153.72 million during the quarter, compared to analysts’ expectations of $165.70 million. Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. Equities research analysts anticipate that Century Casinos will post -2.66 earnings per share for the current fiscal 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.