Century Casinos, Inc. (CNTY) Position Lessened by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. decreased its position in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 24.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 61,635 shares of the company’s stock after selling 19,713 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Century Casinos worth $540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Summit Trail Advisors LLC raised its stake in Century Casinos by 591.7% during the first quarter. Summit Trail Advisors LLC now owns 166,285 shares of the company’s stock worth $166,000 after purchasing an additional 142,246 shares during the period. Stifel Financial Corp raised its stake in Century Casinos by 88.7% during the first quarter. Stifel Financial Corp now owns 24,876 shares of the company’s stock worth $187,000 after purchasing an additional 11,690 shares during the period. JPMorgan Chase & Co. raised its stake in Century Casinos by 80.8% during the first quarter. JPMorgan Chase & Co. now owns 35,147 shares of the company’s stock worth $262,000 after purchasing an additional 15,709 shares during the period. Monarch Partners Asset Management LLC purchased a new position in Century Casinos during the second quarter worth approximately $582,000. Finally, North Star Investment Management Corp. purchased a new position in Century Casinos during the second quarter worth approximately $956,000. 78.73% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CNTY opened at $6.51 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The company has a market cap of $199.62 million, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.60 and a beta of 0.18. Century Casinos, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $9.85.

Century Casinos (NASDAQ:CNTY) last issued its earnings results on Wednesday, August 8th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Century Casinos had a net margin of 2.20% and a return on equity of 5.01%. The business had revenue of $39.65 million during the quarter, compared to analysts’ expectations of $38.55 million. On average, equities analysts predict that Century Casinos, Inc. will post 0.17 earnings per share for the current fiscal year.

CNTY has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Century Casinos from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. TheStreet downgraded shares of Century Casinos from a “b” rating to a “c” rating in a research note on Friday, August 31st. Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine downgraded shares of Century Casinos from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, BidaskClub raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Century Casinos currently has an average rating of “Hold” and a consensus target price of $11.00.

Century Casinos Profile

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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Institutional Ownership by Quarter for Century Casinos (NASDAQ:CNTY)

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