Orchard Capital Management LLC Has $3.60 Million Holdings in Century Casinos, Inc. (NASDAQ:CNTY)

Orchard Capital Management LLC cut its holdings in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,299,865 shares of the company’s stock after selling 16,610 shares during the quarter. Orchard Capital Management LLC owned about 4.24% of Century Casinos worth $3,601,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CNTY. Virtu Financial LLC acquired a new position in shares of Century Casinos in the first quarter valued at $66,000. Price T Rowe Associates Inc. MD raised its stake in Century Casinos by 38.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after acquiring an additional 18,869 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Century Casinos during the first quarter worth $51,000. Nokomis Capital L.L.C. raised its stake in Century Casinos by 9.3% during the first quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock worth $6,174,000 after acquiring an additional 165,452 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Century Casinos by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after purchasing an additional 13,372 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $2.46 on Friday. The firm has a market capitalization of $75.48 million, a PE ratio of -1.84 and a beta of 2.59. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22. Century Casinos, Inc. has a 1 year low of $1.94 and a 1 year high of $5.80. The firm’s 50-day moving average is $2.46 and its 200-day moving average is $2.72.

Century Casinos (NASDAQ:CNTY) last issued its earnings results on Thursday, August 8th. The company reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.96). The business had revenue of $146.44 million during the quarter, compared to the consensus estimate of $154.60 million. Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. During the same period last year, the business posted ($0.06) EPS. Equities analysts expect that Century Casinos, Inc. will post -2.33 EPS for the current year.

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.