Empowered Funds LLC Raises Position in Century Casinos, Inc. (NASDAQ:CNTY)

Empowered Funds LLC boosted its position in Century Casinos, Inc. (NASDAQ:CNTY) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,727 shares of the company’s stock after purchasing an additional 3,752 shares during the period. Empowered Funds LLC owned about 0.25% of Century Casinos worth $194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CNTY. Royce & Associates LP raised its stake in Century Casinos by 2.2% in the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after acquiring an additional 61,522 shares during the period. Vanguard Group Inc. increased its stake in shares of Century Casinos by 0.8% in 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 in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Century Casinos by 27.1% in the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after purchasing an additional 325,890 shares during the period. Squarepoint Ops LLC raised its position in shares of Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after purchasing an additional 45,695 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Century Casinos during the 2nd quarter valued at approximately $215,000. 66.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Century Casinos Price Performance

CNTY stock opened at $4.66 on Wednesday. The firm has a 50-day moving average of $3.19 and a 200 day moving average of $2.78. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The company has a market cap of $142.98 million, a P/E ratio of -1.92 and a beta of 2.55. Century Casinos, Inc. has a 1 year low of $1.94 and a 1 year high of $5.09.

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

About Century Casinos

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.