Millennium Management LLC lifted its position in Century Casinos (NASDAQ:CNTY) by 345.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 425,787 shares of the company’s stock after buying an additional 330,251 shares during the quarter. Millennium Management LLC’s holdings in Century Casinos were worth $3,887,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in Century Casinos in the 4th quarter worth approximately $1,065,000. Two Sigma Advisers LP acquired a new stake in Century Casinos in the 4th quarter worth approximately $237,000. Goldman Sachs Group Inc. lifted its holdings in Century Casinos by 18.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 72,812 shares of the company’s stock worth $665,000 after purchasing an additional 11,196 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Century Casinos in the 4th quarter worth approximately $326,000. Finally, Driehaus Capital Management LLC acquired a new stake in Century Casinos in the 4th quarter worth approximately $6,294,000. 76.40% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on CNTY shares. Stifel Nicolaus started coverage on Century Casinos in a report on Wednesday, January 10th. They issued a “buy” rating and a $13.00 target price for the company. BidaskClub lowered Century Casinos from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. TheStreet lowered Century Casinos from a “b” rating to a “c+” rating in a report on Friday, April 6th. Finally, Zacks Investment Research upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of CNTY stock opened at $8.09 on Friday. Century Casinos has a 12 month low of $6.28 and a 12 month high of $9.85. The company has a market cap of $237.84, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.88 and a beta of 0.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.45 and a quick ratio of 2.43.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Friday, March 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Century Casinos had a return on equity of 7.35% and a net margin of 4.06%. The business had revenue of $39.29 million for the quarter, compared to analyst estimates of $39.83 million. equities analysts anticipate that Century Casinos will post 0.37 earnings per share for the current fiscal year.
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About Century Casinos
Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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