Cubist Systematic Strategies LLC Takes $215,000 Position in Century Casinos, Inc. (NASDAQ:CNTY)

Cubist Systematic Strategies LLC purchased a new stake in shares of Century Casinos, Inc. (NASDAQ:CNTY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 77,538 shares of the company’s stock, valued at approximately $215,000. Cubist Systematic Strategies LLC owned 0.25% of Century Casinos as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. acquired a new position in shares of Century Casinos during the second quarter valued at $32,000. Quadrature Capital Ltd bought a new stake in shares of Century Casinos during the first quarter valued at about $51,000. Virtu Financial LLC bought a new stake in shares of Century Casinos during the first quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Century Casinos during the second quarter valued at about $103,000. Finally, Empowered Funds LLC raised its stake in shares of Century Casinos by 8.1% during the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock valued at $212,000 after purchasing an additional 5,042 shares in the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $2.69 on Tuesday. Century Casinos, Inc. has a fifty-two week low of $1.94 and a fifty-two week high of $5.49. The firm’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.67. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. The stock has a market cap of $82.54 million, a P/E ratio of -2.01 and a beta of 2.60.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.96). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The business had revenue of $146.44 million during the quarter, compared to the consensus estimate of $154.60 million. During the same quarter last year, the firm posted ($0.06) earnings per share. Equities analysts expect that Century Casinos, Inc. will post -2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie cut their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

Century Casinos Profile

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.