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

by · The Markets Daily

Century Casinos, Inc. (NASDAQ:CNTY – Get Free Report) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 77,965 shares, a decrease of 17.5% from the November 30th total of 94,545 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 184,224 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 184,224 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Century Casinos Stock Performance

CNTY stock remained flat at $1.33 during trading on Wednesday. 76,402 shares of the company traded hands, compared to its average volume of 186,990. The stock has a market cap of $39.16 million, a PE ratio of -0.38 and a beta of 1.92. Century Casinos has a 12-month low of $1.23 and a 12-month high of $3.31. 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 stock has a 50 day moving average of $1.57 and a 200 day moving average of $2.15.

Century Casinos (NASDAQ:CNTY – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.07). The firm had revenue of $153.72 million for the quarter, compared to analyst estimates of $165.70 million. Century Casinos had a negative return on equity of 165.48% and a negative net margin of 18.92%. As a group, analysts predict that Century Casinos will post -2.66 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

Large investors have recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new position in shares of Century Casinos in the third quarter valued at about $26,000. Franklin Resources Inc. bought a new position in shares of Century Casinos in the third quarter worth about $34,000. XTX Topco Ltd bought a new position in shares of Century Casinos in the second quarter worth about $51,000. NewEdge Advisors LLC bought a new stake in shares of Century Casinos during the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC grew its stake in shares of Century Casinos by 18.5% during the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after purchasing an additional 11,793 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CNTY. Stifel Nicolaus lowered their price target on shares of 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 reiterated a “sell (d-)” rating on shares of Century Casinos in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Century Casinos has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Check Out Our Latest Stock Report on Century Casinos

Century Casinos Company Profile

(Get Free Report)

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.

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