Russell Investments Group Ltd. increased its position in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 68.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 331,198 shares of the company’s stock after buying an additional 134,017 shares during the period. Russell Investments Group Ltd. owned about 1.13% of Century Casinos worth $2,897,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CNTY. Wells Fargo & Company MN boosted its holdings in shares of Century Casinos by 2.3% in the second quarter. Wells Fargo & Company MN now owns 1,469,952 shares of the company’s stock valued at $12,861,000 after acquiring an additional 32,887 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Century Casinos by 18.6% in the first quarter. Prudential Financial Inc. now owns 91,280 shares of the company’s stock valued at $681,000 after acquiring an additional 14,300 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Century Casinos by 5.4% during the first quarter. Allianz Asset Management GmbH now owns 358,917 shares of the company’s stock worth $2,678,000 after purchasing an additional 18,296 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of Century Casinos during the second quarter worth $582,000. Finally, Boston Partners lifted its holdings in shares of Century Casinos by 117.1% during the second quarter. Boston Partners now owns 321,800 shares of the company’s stock worth $2,816,000 after purchasing an additional 173,600 shares during the period. Hedge funds and other institutional investors own 78.73% of the company’s stock.
Several equities research analysts recently weighed in on the company. TheStreet downgraded Century Casinos from a “b” rating to a “c” rating in a report on Friday, August 31st. Zacks Investment Research raised Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. BidaskClub raised Century Casinos from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Stifel Nicolaus increased their price target on Century Casinos from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Finally, ValuEngine raised Century Casinos from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.00.
Century Casinos stock traded down $0.20 during midday trading on Friday, reaching $6.56. The company’s stock had a trading volume of 137,816 shares, compared to its average volume of 112,903. Century Casinos, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $9.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.70. The company has a market cap of $219.32 million, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.17 and a beta of 0.18.
Century Casinos (NASDAQ:CNTY) last released its earnings results on Wednesday, August 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Century Casinos had a net margin of 2.20% and a return on equity of 5.01%. The business had revenue of $39.65 million during the quarter, compared to analyst estimates of $38.55 million. Sell-side analysts predict that Century Casinos, Inc. will post 0.25 EPS for the current year.
About Century Casinos
Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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