Bridgeway Capital Management Inc. reduced its stake in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 386,400 shares of the company’s stock after selling 36,300 shares during the period. Bridgeway Capital Management Inc. owned approximately 1.31% of Century Casinos worth $2,883,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Century Casinos during the 3rd quarter worth approximately $310,000. Monarch Partners Asset Management LLC acquired a new stake in Century Casinos during the 2nd quarter worth approximately $582,000. Skylands Capital LLC raised its holdings in Century Casinos by 29.0% during the 3rd quarter. Skylands Capital LLC now owns 232,826 shares of the company’s stock worth $1,737,000 after buying an additional 52,326 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Century Casinos during the 3rd quarter worth approximately $1,773,000. Finally, North Star Investment Management Corp. grew its stake in shares of Century Casinos by 128.2% during the 3rd quarter. North Star Investment Management Corp. now owns 249,250 shares of the company’s stock worth $1,859,000 after acquiring an additional 140,025 shares in the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
In other Century Casinos news, Chairman Erwin Et Al Haitzmann purchased 12,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was bought at an average cost of $7.15 per share, with a total value of $85,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 12.70% of the stock is owned by company insiders.
Shares of CNTY opened at $7.46 on Monday. The company has a market cap of $219.62 million, a PE ratio of 74.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.50. Century Casinos, Inc. has a twelve month low of $5.77 and a twelve month high of $9.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 0.99.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $43.56 million during the quarter, compared to analysts’ expectations of $42.05 million. Century Casinos had a negative net margin of 1.50% and a positive return on equity of 1.63%. As a group, sell-side analysts expect that Century Casinos, Inc. will post 0.17 EPS for the current fiscal year.
Several brokerages have recently weighed in on CNTY. Stifel Nicolaus decreased their price target on shares of Century Casinos from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 10th. TheStreet cut shares of Century Casinos from a “b” rating to a “c” rating in a research note on Friday, August 31st. ValuEngine raised shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Finally, Zacks Investment Research cut shares of Century Casinos from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Century Casinos currently has a consensus rating of “Hold” and a consensus target price of $13.00.
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About Century Casinos
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 and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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