Squarepoint Ops LLC Raises Position in Century Casinos, Inc. (NASDAQ:CNTY)

Squarepoint Ops LLC raised its holdings in Century Casinos, Inc. (NASDAQ:CNTY) by 64.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,072 shares of the company’s stock after buying an additional 45,695 shares during the period. Squarepoint Ops LLC owned approximately 0.38% of Century Casinos worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in shares of 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 purchasing an additional 5,042 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Century Casinos during the 2nd quarter worth $32,000. Vanguard Group Inc. raised its stake in Century Casinos by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after acquiring an additional 13,372 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Century Casinos during the 1st quarter worth $51,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Century Casinos by 38.5% during the 1st 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. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Trading Down 3.3 %

NASDAQ CNTY opened at $2.66 on Friday. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96. The firm has a market cap of $81.61 million, a PE ratio of -1.01 and a beta of 2.60. Century Casinos, Inc. has a one year low of $1.94 and a one year high of $5.49. The firm’s fifty day moving average is $2.41 and its two-hundred day moving average is $2.68.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.96). The business had revenue of $146.44 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted ($0.06) earnings per share. Analysts expect that Century Casinos, Inc. will post -2.33 earnings per share for the current year.

Analysts Set New Price Targets

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

Century Casinos 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.