Point72 Asia Singapore Pte. Ltd. Acquires New Position in Century Casinos, Inc. (NASDAQ:CNTY)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Century Casinos, Inc. (NASDAQ:CNTY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,102 shares of the company’s stock, valued at approximately $103,000. Point72 Asia Singapore Pte. Ltd. owned 0.12% of Century Casinos as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. bought a new stake in shares of Century Casinos in the 2nd quarter worth approximately $32,000. Quadrature Capital Ltd bought a new position in shares of Century Casinos during the first quarter worth about $51,000. Virtu Financial LLC bought a new stake in Century Casinos in the 1st quarter valued at about $66,000. Empowered Funds LLC boosted its stake in Century Casinos by 8.1% during the 1st 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 during the period. Finally, Price T Rowe Associates Inc. MD grew its position in 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 purchasing an additional 18,869 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Macquarie reduced their price objective on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

Century Casinos Stock Performance

CNTY stock opened at $2.55 on Friday. The company has a market capitalization of $78.24 million, a P/E ratio of -1.90 and a beta of 2.60. 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 company has a 50-day simple moving average of $2.43 and a 200 day simple moving average of $2.69. Century Casinos, Inc. has a fifty-two week low of $1.94 and a fifty-two week high of $5.49.

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

Century Casinos Company 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.