Alambic Investment Management L.P. increased its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 31.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,525 shares of the company’s stock after acquiring an additional 45,126 shares during the quarter. Alambic Investment Management L.P.’s holdings in Century Casinos were worth $1,712,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Prudential Financial Inc. increased its holdings in Century Casinos by 4.7% in the 2nd quarter. Prudential Financial Inc. now owns 75,280 shares of the company’s stock worth $554,000 after acquiring an additional 3,400 shares in the last quarter. Teachers Advisors LLC boosted its stake in Century Casinos by 10.8% during the 2nd quarter. Teachers Advisors LLC now owns 37,554 shares of the company’s stock worth $277,000 after purchasing an additional 3,668 shares during the last quarter. Northern Trust Corp boosted its stake in Century Casinos by 1.8% during the 2nd quarter. Northern Trust Corp now owns 228,948 shares of the company’s stock worth $1,687,000 after purchasing an additional 4,022 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after purchasing an additional 4,044 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Century Casinos by 39.5% during the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after purchasing an additional 6,625 shares during the last quarter. 62.28% of the stock is owned by institutional investors.
Shares of Century Casinos, Inc. (CNTY) opened at $8.39 on Tuesday. Century Casinos, Inc. has a one year low of $6.28 and a one year high of $9.85. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $205.32, a price-to-earnings ratio of 14.22 and a beta of -0.23.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.21. The firm had revenue of $41.05 million for the quarter, compared to analysts’ expectations of $39.10 million. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. sell-side analysts forecast that Century Casinos, Inc. will post 0.54 earnings per share for the current year.
Several brokerages have issued reports on CNTY. Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Stifel Nicolaus began coverage on shares of Century Casinos in a research note on Wednesday, January 10th. They set a “buy” rating and a $13.00 target price on the stock. Finally, BidaskClub cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.58.
Century Casinos Company Profile
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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