Century Casinos, Inc. (NASDAQ:CNTY) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 22.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,349 shares of the company’s stock after selling 50,925 shares during the period. Renaissance Technologies LLC owned 0.57% of Century Casinos worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Century Casinos during the 1st quarter worth $66,000. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 buying an additional 18,869 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Century Casinos in the 1st quarter valued at about $51,000. Nokomis Capital L.L.C. raised its stake in Century Casinos by 9.3% during the 1st quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock valued at $6,174,000 after acquiring an additional 165,452 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position 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 during the period. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $2.75 on Friday. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. Century Casinos, Inc. has a 1-year low of $1.94 and a 1-year high of $5.49. The company has a market capitalization of $84.38 million, a price-to-earnings ratio of -2.05 and a beta of 2.60. The business has a 50-day moving average of $2.41 and a 200-day moving average of $2.68.

Century Casinos (NASDAQ:CNTY) last announced its earnings results on Thursday, August 8th. The company reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.96). The firm had revenue of $146.44 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.06) earnings per share. On average, equities analysts anticipate that Century Casinos, Inc. will post -2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie dropped their target price on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report 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.