Foundry Partners LLC Buys 227,179 Shares of Century Casinos, Inc. (NASDAQ:CNTY)

Foundry Partners LLC raised its stake in Century Casinos, Inc. (NASDAQ:CNTY) by 48.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 691,299 shares of the company’s stock after acquiring an additional 227,179 shares during the quarter. Foundry Partners LLC’s holdings in Century Casinos were worth $3,374,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in Century Casinos by 187.4% in the third quarter. Quadrature Capital Ltd now owns 31,325 shares of the company’s stock valued at $160,000 after acquiring an additional 20,426 shares during the period. Axxcess Wealth Management LLC boosted its stake in Century Casinos by 16.8% in the third quarter. Axxcess Wealth Management LLC now owns 33,584 shares of the company’s stock worth $172,000 after purchasing an additional 4,819 shares in the last quarter. Barclays PLC boosted its stake in Century Casinos by 143.7% in the third quarter. Barclays PLC now owns 53,623 shares of the company’s stock worth $275,000 after purchasing an additional 31,619 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Century Casinos in the third quarter worth $450,000. Finally, Assenagon Asset Management S.A. boosted its stake in Century Casinos by 314.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 93,964 shares of the company’s stock worth $459,000 after purchasing an additional 71,276 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors.

Century Casinos Stock Up 2.7 %

Shares of Century Casinos stock opened at $3.02 on Tuesday. Century Casinos, Inc. has a 1 year low of $2.46 and a 1 year high of $8.11. The business has a 50-day moving average of $2.98 and a two-hundred day moving average of $3.88. The company has a market capitalization of $91.69 million, a P/E ratio of -3.25 and a beta of 2.61. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.21 and a quick ratio of 2.16.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.01). The business had revenue of $143.76 million during the quarter, compared to the consensus estimate of $142.60 million. Century Casinos had a negative return on equity of 13.42% and a negative net margin of 5.12%. During the same quarter last year, the company earned ($0.14) earnings per share. As a group, equities analysts predict that Century Casinos, Inc. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

CNTY has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $4.00 price objective on shares of Century Casinos in a research note on Monday, April 8th. Macquarie raised Century Casinos from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 10th. JMP Securities lowered Century Casinos from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 18th. Finally, StockNews.com lowered Century Casinos from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.00.

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.