Cubist Systematic Strategies LLC Sells 21,305 Shares of Century Casinos, Inc. (NASDAQ:CNTY)

Cubist Systematic Strategies LLC lessened its holdings in Century Casinos, Inc. (NASDAQ:CNTY) by 50.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,983 shares of the company’s stock after selling 21,305 shares during the quarter. Cubist Systematic Strategies LLC owned 0.07% of Century Casinos worth $68,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CNTY. Rice Hall James & Associates LLC boosted its holdings in Century Casinos by 5.9% in the fourth 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 in the last quarter. Royce & Associates LP boosted its holdings in Century Casinos by 2.7% in the fourth quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock worth $9,639,000 after acquiring an additional 79,086 shares in the last quarter. JB Capital Partners LP acquired a new stake in Century Casinos in the fourth quarter worth about $124,000. Jane Street Group LLC boosted its holdings in Century Casinos by 120.4% in the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company’s stock worth $200,000 after acquiring an additional 33,635 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Century Casinos in the fourth quarter worth about $85,000. Institutional investors and hedge funds own 66.36% of the company’s stock.

Century Casinos Trading Down 7.4%

Century Casinos stock opened at $1.68 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos, Inc. has a 52 week low of $1.30 and a 52 week high of $5.09. The company has a market capitalization of $51.55 million, a price-to-earnings ratio of -0.69 and a beta of 2.02. The stock has a 50-day moving average price of $1.57 and a 200 day moving average price of $2.76.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Monday, May 12th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.11). The firm had revenue of $130.44 million for the quarter, compared to analyst estimates of $139.55 million. Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. During the same period last year, the firm earned ($0.46) EPS. Sell-side analysts anticipate that Century Casinos, Inc. will post -2.66 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNTY shares. JMP Securities lowered their price target on Century Casinos from $4.00 to $3.00 and set a “market outperform” rating for the company in a report on Tuesday, May 13th. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Stifel Nicolaus decreased their target price on Century Casinos from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Macquarie decreased their target price on Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

About Century Casinos

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.