Royce & Associates LP Purchases 61,522 Shares of Century Casinos, Inc. (NASDAQ:CNTY)

Royce & Associates LP raised its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,896,035 shares of the company’s stock after purchasing an additional 61,522 shares during the period. Royce & Associates LP owned 9.44% of Century Casinos worth $7,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNTY. Sei Investments Co. bought a new stake in shares of Century Casinos during the second quarter worth about $32,000. Quadrature Capital Ltd purchased a new stake in shares of Century Casinos during the 1st quarter valued at approximately $51,000. Virtu Financial LLC purchased a new stake in shares of Century Casinos during the 1st quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Century Casinos during the 2nd quarter valued at approximately $103,000. Finally, Empowered Funds LLC increased its holdings in Century Casinos by 8.1% during the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after acquiring an additional 5,042 shares during the period. 66.36% of the stock is owned by institutional investors.

Century Casinos Stock Performance

CNTY opened at $4.22 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The company has a market cap of $129.48 million, a price-to-earnings ratio of -1.74 and a beta of 2.55. The company’s 50 day moving average is $2.96 and its 200 day moving average is $2.73. Century Casinos, Inc. has a 12-month low of $1.94 and a 12-month high of $5.05.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same period in the prior year, the firm earned ($0.47) EPS. On average, equities research analysts predict that Century Casinos, Inc. will post -2.39 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CNTY. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Macquarie dropped their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, JMP Securities upgraded shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note on Tuesday, November 5th.

Century Casinos Company 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.