Rice Hall James & Associates LLC Invests $2.09 Million in Century Casinos, Inc. $CNTY

Rice Hall James & Associates LLC acquired a new position in Century Casinos, Inc. (NASDAQ:CNTY) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,635,653 shares of the company’s stock, valued at approximately $2,094,000. Rice Hall James & Associates LLC owned about 0.06% of Century Casinos as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CNTY. Goldman Sachs Group Inc. grew its stake in shares of Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after purchasing an additional 30,998 shares during the period. XTX Topco Ltd purchased a new position in shares of Century Casinos in the second quarter worth approximately $51,000. Mink Brook Asset Management LLC grew its position in Century Casinos by 13.3% during the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after buying an additional 16,004 shares during the period. Franklin Resources Inc. purchased a new stake in Century Casinos during the third quarter valued at approximately $34,000. Finally, Squarepoint Ops LLC increased its holdings in Century Casinos by 18.5% during the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after buying an additional 11,793 shares during the last quarter. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Trading Up 1.2%

Shares of NASDAQ:CNTY opened at $1.28 on Wednesday. The stock has a 50 day moving average of $1.27 and a 200 day moving average of $1.39. The company has a market cap of $36.02 million, a PE ratio of -0.66 and a beta of 1.68. Century Casinos, Inc. has a 12-month low of $1.14 and a 12-month high of $2.85.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Friday, August 7th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%.The firm had revenue of $152.00 million for the quarter, compared to the consensus estimate of $153.87 million. Equities research analysts predict that Century Casinos, Inc. will post -1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.00.

Century Casinos 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.