Century Casinos, Inc. (NASDAQ:CNTY) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its holdings in Century Casinos, Inc. (NASDAQ:CNTY) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,629 shares of the company’s stock after selling 17,098 shares during the period. Bridgeway Capital Management LLC’s holdings in Century Casinos were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Century Casinos by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company’s stock worth $554,000 after buying an additional 3,800 shares during the period. XTX Topco Ltd acquired a new stake in shares of Century Casinos during the fourth quarter worth about $51,000. Dimensional Fund Advisors LP lifted its position in shares of Century Casinos by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company’s stock worth $501,000 after purchasing an additional 17,815 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Century Casinos during the fourth quarter worth about $74,000. Finally, Marshall Wace LLP acquired a new stake in shares of Century Casinos during the fourth quarter worth about $85,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Century Casinos Stock Up 21.8%

CNTY stock opened at $1.79 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. Century Casinos, Inc. has a twelve month low of $1.30 and a twelve month high of $5.09. The company’s 50 day moving average is $1.62 and its two-hundred day moving average is $2.81. The stock has a market cap of $54.92 million, a P/E ratio of -0.74 and a beta of 2.02.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.11). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The company had revenue of $130.44 million for the quarter, compared to analyst estimates of $139.55 million. During the same period in the previous year, the business posted ($0.46) EPS. Research analysts expect that Century Casinos, Inc. will post -2.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Macquarie reduced their price target on shares of Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus reduced their target price on shares of Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, March 14th. JMP Securities reduced their target price on shares of Century Casinos from $4.00 to $3.00 and set a “market outperform” rating on the stock in a report on Tuesday. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

About Century Casinos

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.