Connor Clark & Lunn Investment Management Ltd. bought a new stake in Century Casinos, Inc. (NASDAQ:CNTY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,100 shares of the company’s stock, valued at approximately $127,000.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in Century Casinos by 533.9% in the first quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock valued at $52,000 after acquiring an additional 4,816 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new position in Century Casinos in the first quarter valued at approximately $86,000. MetLife Investment Advisors LLC acquired a new position in Century Casinos in the first quarter valued at approximately $120,000. JPMorgan Chase & Co. raised its position in shares of Century Casinos by 216.9% during the second quarter. JPMorgan Chase & Co. now owns 20,897 shares of the company’s stock worth $203,000 after purchasing an additional 14,303 shares during the period. Finally, WINTON GROUP Ltd raised its position in shares of Century Casinos by 66.0% during the second quarter. WINTON GROUP Ltd now owns 24,262 shares of the company’s stock worth $235,000 after purchasing an additional 9,646 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
CNTY traded up $0.17 during trading on Friday, reaching $8.92. 3,955 shares of the company were exchanged, compared to its average volume of 107,331. The company’s 50-day moving average is $8.50 and its two-hundred day moving average is $8.93. The company has a market cap of $256.79 million, a price-to-earnings ratio of 80.73, a P/E/G ratio of 1.27 and a beta of 0.84. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.50. Century Casinos, Inc. has a 12-month low of $5.77 and a 12-month high of $10.41.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Century Casinos had a return on equity of 1.52% and a net margin of 1.42%. The company had revenue of $52.45 million for the quarter, compared to analysts’ expectations of $48.75 million. Equities analysts forecast that Century Casinos, Inc. will post 0.28 earnings per share for the current year.
In related news, VP Timothy Allen Wright sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $8.99, for a total transaction of $44,950.00. Following the transaction, the vice president now directly owns 5,000 shares in the company, valued at approximately $44,950. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 12.00% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Century Casinos from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. TheStreet downgraded Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st. Craig Hallum set a $12.00 price objective on Century Casinos and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, BidaskClub upgraded Century Casinos from a “strong sell” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Century Casinos presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Century Casinos Profile
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, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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