Wells Fargo & Company MN Boosts Holdings in Century Casinos, Inc. (NASDAQ:CNTY)

Wells Fargo & Company MN boosted its position in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 27.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,667 shares of the company’s stock after buying an additional 13,049 shares during the period. Wells Fargo & Company MN’s holdings in Century Casinos were worth $388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in Century Casinos by 4.4% during the 4th quarter. BlackRock Inc. now owns 2,048,526 shares of the company’s stock valued at $13,090,000 after acquiring an additional 85,536 shares in the last quarter. Monarch Partners Asset Management LLC boosted its holdings in Century Casinos by 15.1% in the 4th quarter. Monarch Partners Asset Management LLC now owns 212,671 shares of the company’s stock valued at $1,359,000 after purchasing an additional 27,840 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Century Casinos during the 3rd quarter valued at approximately $83,000. Mercer Global Advisors Inc. ADV purchased a new stake in Century Casinos in the third quarter valued at $127,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Century Casinos by 90.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 54,275 shares of the company’s stock worth $347,000 after purchasing an additional 25,850 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Shares of CNTY opened at $11.14 on Friday. Century Casinos, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $13.35. The firm has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $7.29. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $329.48 million, a price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 1.42 and a beta of 2.92.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Thursday, March 11th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.24. The company had revenue of $84.80 million during the quarter, compared to analysts’ expectations of $86.25 million. Century Casinos had a negative net margin of 26.11% and a negative return on equity of 58.86%. Equities research analysts forecast that Century Casinos, Inc. will post -1.88 EPS for the current year.

CNTY has been the topic of several research reports. TheStreet raised Century Casinos from a “d” rating to a “c-” rating in a research note on Monday, March 15th. Stifel Nicolaus boosted their price objective on Century Casinos from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, March 12th. Finally, Zacks Investment Research upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Monday, January 11th.

About Century Casinos

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. As of March 12, 2021, it operated four ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado.

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

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