Penn Capital Management Co. Inc. trimmed its holdings in shares of Century Casinos, Inc. (NASDAQ:CNTY) by 80.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 108,158 shares of the company’s stock after selling 437,938 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Century Casinos were worth $980,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc lifted its position in Century Casinos by 3.5% during the third quarter. Vanguard Group Inc now owns 1,328,292 shares of the company’s stock valued at $9,909,000 after buying an additional 44,460 shares in the last quarter. Boston Partners lifted its position in Century Casinos by 79.1% during the fourth quarter. Boston Partners now owns 548,700 shares of the company’s stock valued at $4,055,000 after buying an additional 242,400 shares in the last quarter. Royce & Associates LP lifted its position in Century Casinos by 76.7% during the fourth quarter. Royce & Associates LP now owns 1,734,570 shares of the company’s stock valued at $12,818,000 after buying an additional 753,070 shares in the last quarter. Monarch Partners Asset Management LLC lifted its position in Century Casinos by 29.4% during the fourth quarter. Monarch Partners Asset Management LLC now owns 118,241 shares of the company’s stock valued at $874,000 after buying an additional 26,853 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Century Casinos during the fourth quarter valued at approximately $99,000. 80.73% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ CNTY opened at $9.39 on Wednesday. Century Casinos, Inc. has a 52 week low of $5.77 and a 52 week high of $9.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market cap of $267.60 million, a PE ratio of 85.36, a PEG ratio of 1.00 and a beta of 0.68.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Monday, May 13th. BidaskClub cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. TheStreet raised shares of Century Casinos from a “c+” rating to a “b-” rating in a research report on Monday, April 1st. Finally, Union Gaming Research reissued a “hold” rating on shares of Century Casinos in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.50.
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. It owns and operates casinos in North America, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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