Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Up 41.4% in April

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 135,600 shares, a growth of 41.4% from the March 31st total of 95,900 shares. Based on an average daily volume of 92,700 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the company’s shares are short sold.

Century Casinos Stock Performance

Shares of Century Casinos stock opened at $1.36 on Friday. The stock has a market cap of $41.73 million, a price-to-earnings ratio of -0.56 and a beta of 2.51. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. Century Casinos has a 1 year low of $1.30 and a 1 year high of $5.09. The firm’s 50-day moving average is $1.80 and its 200 day moving average is $2.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC raised its holdings in Century Casinos by 5.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock worth $5,251,000 after acquiring an additional 90,556 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Century Casinos in the fourth quarter worth $51,000. Geode Capital Management LLC lifted its holdings in shares of Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock valued at $726,000 after purchasing an additional 5,220 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Century Casinos during the fourth quarter valued at $74,000. Finally, Royce & Associates LP increased its holdings in Century Casinos by 2.7% in the 4th quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock worth $9,639,000 after buying an additional 79,086 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Stifel Nicolaus lowered their price objective on Century Casinos from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $5.00 target price on shares of Century Casinos in a research report on Monday, January 27th. Finally, Macquarie decreased their price target on shares of Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Century Casinos presently has an average rating of “Moderate Buy” and an average target price of $5.50.

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.