Geode Capital Management LLC Raises Position in Century Casinos, Inc. (NASDAQ:CNTY)

Geode Capital Management LLC boosted its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,618 shares of the company’s stock after buying an additional 5,220 shares during the quarter. Geode Capital Management LLC’s holdings in Century Casinos were worth $726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNTY. Sei Investments Co. purchased a new position in Century Casinos in the 2nd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Century Casinos in the 2nd quarter worth approximately $103,000. Empowered Funds LLC lifted its stake in Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Century Casinos in the 2nd quarter worth approximately $215,000. Finally, Squarepoint Ops LLC lifted its stake in Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after purchasing an additional 45,695 shares in the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNTY has been the subject of a number of recent analyst reports. Stifel Nicolaus raised 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 report on Tuesday, November 5th. JMP Securities upgraded shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Tuesday, November 5th. Finally, Craig Hallum initiated coverage on shares of Century Casinos in a report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Century Casinos currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Down 1.7 %

Century Casinos stock opened at $2.90 on Friday. The company has a market capitalization of $88.98 million, a PE ratio of -1.19 and a beta of 2.64. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. Century Casinos, Inc. has a fifty-two week low of $1.94 and a fifty-two week high of $5.09. The firm has a 50 day moving average price of $3.79 and a 200 day moving average price of $2.99.

Century Casinos (NASDAQ:CNTY) last announced its earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). The firm had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. During the same period in the previous year, the firm earned ($0.47) EPS. Research analysts expect that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

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.