Century Casinos, Inc. (NASDAQ:CNTY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Century Casinos, Inc. (NASDAQ:CNTY) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,618 shares of the company’s stock after acquiring an additional 5,220 shares during the period. Geode Capital Management LLC owned 0.92% of Century Casinos worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP grew its position in Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after purchasing an additional 61,522 shares during the period. Rice Hall James & Associates LLC grew its position in Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock worth $3,917,000 after purchasing an additional 325,890 shares during the period. RBF Capital LLC grew its position in Century Casinos by 23.1% during the 3rd quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after purchasing an additional 69,349 shares during the period. Squarepoint Ops LLC grew its position in Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after purchasing an additional 45,695 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Century Casinos during the 2nd quarter worth about $215,000. 66.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNTY has been the topic of several analyst reports. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus increased their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum assumed coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They set a “buy” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Century Casinos currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Trading Down 1.7 %

CNTY stock opened at $2.90 on Friday. The company’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $2.99. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos, Inc. has a 52-week low of $1.94 and a 52-week high of $5.09. The firm has a market cap of $88.98 million, a P/E ratio of -1.19 and a beta of 2.64.

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

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.