Goldman Sachs Group Inc. Buys 30,998 Shares of Century Casinos, Inc. $CNTY

Goldman Sachs Group Inc. increased its stake in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 35.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,594 shares of the company’s stock after buying an additional 30,998 shares during the quarter. Goldman Sachs Group Inc. owned 0.38% of Century Casinos worth $199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CNTY. Jane Street Group LLC lifted its position in shares of Century Casinos by 120.4% during the 4th quarter. Jane Street Group LLC now owns 61,578 shares of the company’s stock worth $200,000 after buying an additional 33,635 shares during the period. Millennium Management LLC lifted its position in shares of Century Casinos by 7.3% during the 4th quarter. Millennium Management LLC now owns 284,886 shares of the company’s stock worth $923,000 after buying an additional 19,406 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Century Casinos by 21.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company’s stock valued at $1,286,000 after purchasing an additional 132,700 shares during the last quarter. Wealthedge Investment Advisors LLC raised its position in Century Casinos by 330.9% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock valued at $252,000 after purchasing an additional 114,431 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in Century Casinos in the 1st quarter valued at $203,000. Institutional investors own 66.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNTY. JMP Securities set a $3.00 price objective on Century Casinos in a research report on Friday, July 18th. Citigroup reiterated a “market outperform” rating on shares of Century Casinos in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $5.00.

Century Casinos Stock Up 2.4%

NASDAQ CNTY opened at $2.58 on Monday. The stock has a fifty day moving average of $2.53 and a 200-day moving average of $2.10. The stock has a market capitalization of $77.45 million, a P/E ratio of -0.75 and a beta of 2.02. Century Casinos, Inc. has a 52 week low of $1.30 and a 52 week high of $5.09. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $150.82 million during the quarter, compared to analyst estimates of $148.70 million. Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. On average, equities research analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current year.

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.