Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Down 25.6% in January

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 81,011 shares, a drop of 25.6% from the December 31st total of 108,906 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 122,178 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 122,178 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Century Casinos

Hedge funds and other institutional investors have recently bought and sold shares of the company. AWM Investment Company Inc. grew its position in shares of 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 purchasing an additional 132,745 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Century Casinos by 112.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock valued at $248,000 after acquiring an additional 98,724 shares in the last quarter. Fidelity National Financial Inc. acquired a new position in Century Casinos in the 3rd quarter valued at about $420,000. Mink Brook Asset Management LLC boosted its position in shares of Century Casinos by 13.3% in the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after purchasing an additional 16,004 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after acquiring an additional 30,998 shares in the last quarter. 66.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CNTY. Weiss Ratings reissued a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th. Stifel Nicolaus cut their price target on Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Century Casinos Stock Performance

Shares of NASDAQ:CNTY traded down $0.01 on Friday, hitting $1.52. 53,546 shares of the company were exchanged, compared to its average volume of 77,393. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44. The firm has a market capitalization of $44.75 million, a price-to-earnings ratio of -0.43 and a beta of 1.95. Century Casinos has a one year low of $1.23 and a one year high of $3.26. The company’s 50 day moving average price is $1.47 and its two-hundred day moving average price is $2.03.

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

Century Casinos Company Profile

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.