Century Casinos, Inc. (NASDAQ:CNTY) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in Century Casinos, Inc. (NASDAQ:CNTY) by 56.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,111 shares of the company’s stock after selling 20,761 shares during the period. Rhumbline Advisers owned approximately 0.05% of Century Casinos worth $45,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new stake in shares of Century Casinos in the first quarter worth approximately $51,000. Virtu Financial LLC acquired a new position in Century Casinos during the 1st quarter valued at approximately $66,000. Empowered Funds LLC increased its holdings in shares of Century Casinos by 8.1% in the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after acquiring an additional 5,042 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Century Casinos by 38.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after buying an additional 18,869 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Century Casinos by 34.6% during the first quarter. Los Angeles Capital Management LLC now owns 133,107 shares of the company’s stock valued at $421,000 after purchasing an additional 34,220 shares in the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.

Century Casinos Price Performance

CNTY opened at $2.48 on Wednesday. The stock has a fifty day moving average of $2.44 and a 200-day moving average of $2.70. The firm has a market capitalization of $76.09 million, a P/E ratio of -1.89 and a beta of 2.59. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. Century Casinos, Inc. has a 12-month low of $1.94 and a 12-month high of $5.49.

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

Analysts Set New Price Targets

Separately, Macquarie lowered 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 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.