Empowered Funds LLC Buys 3,752 Shares of Century Casinos, Inc. (NASDAQ:CNTY)

Empowered Funds LLC raised its stake in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 75,727 shares of the company’s stock after acquiring an additional 3,752 shares during the period. Empowered Funds LLC’s holdings in Century Casinos were worth $194,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Century Casinos by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after purchasing an additional 13,372 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Century Casinos in the 1st quarter worth about $51,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Century Casinos by 38.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock worth $215,000 after buying an additional 18,869 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Century Casinos during the 1st quarter valued at about $66,000. Finally, Sei Investments Co. bought a new position in shares of Century Casinos in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Stock Up 4.7 %

Shares of CNTY stock opened at $4.66 on Wednesday. Century Casinos, Inc. has a fifty-two week low of $1.94 and a fifty-two week high of $5.09. The firm has a market capitalization of $142.98 million, a PE ratio of -1.92 and a beta of 2.55. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The stock’s 50-day simple moving average is $3.19 and its 200-day simple moving average is $2.78.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same period last year, the business earned ($0.47) earnings per share. Equities analysts expect that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

CNTY has been the topic of several recent research reports. Macquarie decreased their price target on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus increased their target price on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JMP Securities upgraded shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a report on Tuesday, November 5th. StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Craig Hallum assumed coverage on shares of Century Casinos in a research report on Tuesday. They issued a “buy” rating and a $8.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

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.