Short Interest in Century Casinos, Inc. (NASDAQ:CNTY) Drops By 37.4%

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 101,000 shares, a decrease of 37.4% from the September 15th total of 161,300 shares. Based on an average daily trading volume, of 78,700 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased its stake in shares of Century Casinos by 34.6% in the first quarter. Los Angeles Capital Management LLC now owns 133,107 shares of the company's stock valued at $421,000 after buying an additional 34,220 shares during the period. GSA Capital Partners LLP raised its stake in shares of Century Casinos by 214.6% during the first quarter. GSA Capital Partners LLP now owns 147,084 shares of the company's stock valued at $465,000 after acquiring an additional 100,333 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Century Casinos by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company's stock worth $5,343,000 after purchasing an additional 13,372 shares during the period. Empowered Funds LLC grew its stake in shares of Century Casinos by 8.1% in the first quarter. Empowered Funds LLC now owns 66,935 shares of the company's stock worth $212,000 after purchasing an additional 5,042 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Century Casinos by 38.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company's stock valued at $215,000 after purchasing an additional 18,869 shares during the period. Institutional investors and hedge funds own 66.36% of the company's stock.

Century Casinos Price Performance

Shares of NASDAQ:CNTY traded down $0.09 during midday trading on Friday, hitting $2.66. The stock had a trading volume of 50,442 shares, compared to its average volume of 143,513. 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 market capitalization of $81.62 million, a P/E ratio of -1.99 and a beta of 2.60. The company's 50-day moving average price is $2.41 and its 200-day moving average price is $2.68. Century Casinos has a fifty-two week low of $1.94 and a fifty-two week high of $5.49.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($1.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.96). Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The business had revenue of $146.44 million during the quarter, compared to analyst estimates of $154.60 million. During the same period in the prior year, the business posted ($0.06) EPS. As a group, equities research analysts predict that Century Casinos will post -2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie decreased their price target on shares of Century Casinos from $5.00 to $4.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th.

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.