Century Casinos, Inc. (NASDAQ:CNTY) Sees Significant Growth in Short Interest

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 108,906 shares, a growth of 39.7% from the December 15th total of 77,965 shares. Based on an average trading volume of 178,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 178,000 shares, the days-to-cover ratio is presently 0.6 days.

Century Casinos Price Performance

NASDAQ:CNTY opened at $1.62 on Monday. Century Casinos has a 52-week low of $1.23 and a 52-week high of $3.28. The stock has a fifty day moving average of $1.46 and a 200 day moving average of $2.09. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44. The firm has a market capitalization of $47.69 million, a price-to-earnings ratio of -0.46 and a beta of 1.92.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.07). Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. The business had revenue of $153.72 million during the quarter, compared to analysts’ expectations of $165.70 million. On average, research analysts expect that Century Casinos will post -2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its position in Century Casinos by 112.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 186,315 shares of the company’s stock valued at $248,000 after acquiring an additional 98,724 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Century Casinos in the 3rd quarter valued at $26,000. NewEdge Advisors LLC purchased a new stake in shares of Century Casinos in the 3rd quarter valued at $117,000. Squarepoint Ops LLC grew its holdings in shares of Century Casinos by 18.5% during the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after purchasing an additional 11,793 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Century Casinos in the 3rd quarter worth $34,000. Institutional investors own 66.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNTY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a research report on Monday, December 29th. Stifel Nicolaus cut their target price on Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.