Rice Hall James & Associates LLC Invests $2.09 Million in Century Casinos, Inc. $CNTY

Rice Hall James & Associates LLC purchased a new position in Century Casinos, Inc. (NASDAQ:CNTY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,635,653 shares of the company’s stock, valued at approximately $2,094,000. Rice Hall James & Associates LLC owned about 5.81% of Century Casinos as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNTY. Legato Capital Management LLC purchased a new position in shares of Century Casinos in the 4th quarter worth about $25,000. CIBC Bancorp USA Inc. purchased a new stake in Century Casinos during the 3rd quarter valued at about $26,000. Franklin Resources Inc. bought a new stake in Century Casinos during the 3rd quarter valued at about $34,000. XTX Topco Ltd bought a new stake in Century Casinos during the 2nd quarter valued at about $51,000. Finally, NewEdge Advisors LLC purchased a new position in Century Casinos in the third quarter worth about $117,000. Institutional investors own 66.36% of the company’s stock.

Century Casinos Price Performance

Century Casinos stock opened at $1.28 on Wednesday. Century Casinos, Inc. has a one year low of $1.14 and a one year high of $2.85. The business’s fifty day moving average is $1.27 and its 200 day moving average is $1.39. The stock has a market capitalization of $36.02 million, a PE ratio of -0.66 and a beta of 1.68.

Century Casinos (NASDAQ:CNTY) last issued its earnings results on Friday, August 7th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). The business had revenue of $152.00 million during the quarter, compared to analysts’ expectations of $153.87 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%. As a group, sell-side analysts expect that Century Casinos, Inc. will post -1.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.00.

Century Casinos Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.