Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Update

by · The Cerbat Gem

Century Casinos, Inc. (NASDAQ:CNTY – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 110,200 shares, an increase of 9.1% from the September 30th total of 101,000 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 73,400 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Century Casinos

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

Analyst Upgrades and Downgrades

Separately, Macquarie lowered their target price on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th.

View Our Latest Report on Century Casinos

Century Casinos Stock Up 0.6 %

NASDAQ CNTY traded up $0.02 on Thursday, reaching $3.36. The company had a trading volume of 60,857 shares, compared to its average volume of 137,589. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. The company’s fifty day moving average is $2.58 and its 200 day moving average is $2.65. Century Casinos has a 52-week low of $1.94 and a 52-week high of $5.05. The stock has a market capitalization of $103.09 million, a P/E ratio of -2.51 and a beta of 2.60.

Century Casinos (NASDAQ:CNTY – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.96). Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The firm had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $154.60 million. During the same quarter last year, the business posted ($0.06) EPS. Sell-side analysts anticipate that Century Casinos will post -2.33 earnings per share for the current fiscal year.

Century Casinos Company Profile

(Get Free Report)

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.

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