Wells Fargo & Company (b) Tax ID recently disclosed that they own a 10% stake in Century Casinos Inc. (NASDAQ:CNTY) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, October 12th. The investor owns 2,446,630 shares of the stock valued at about $16,319,022. The reporting parties listed on the disclosure included Wells Fargo & Company (b) Tax ID, Wells Capital Management Incorporated (b) Tax ID and Wells Fargo Funds Management, LLC (b) Tax ID. The disclosure is available through EDGAR at this hyperlink.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. increased its stake in Century Casinos by 198.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 35,250 shares of the company’s stock valued at $217,000 after buying an additional 23,450 shares during the period. Mesirow Financial Investment Management US Value Equity bought a new stake in Century Casinos during the first quarter valued at about $199,000. AXA increased its stake in Century Casinos by 97.8% in the first quarter. AXA now owns 65,340 shares of the company’s stock valued at $402,000 after buying an additional 32,300 shares during the period. Boston Partners increased its stake in Century Casinos by 1.9% in the second quarter. Boston Partners now owns 86,600 shares of the company’s stock valued at $540,000 after buying an additional 1,600 shares during the period. Finally, Spark Investment Management LLC bought a new stake in Century Casinos during the first quarter valued at about $141,000. Hedge funds and other institutional investors own 74.53% of the company’s stock.
Century Casinos Inc. (NASDAQ:CNTY) opened at 6.67 on Wednesday. The firm has a market cap of $162.97 million, a PE ratio of 21.52 and a beta of -0.32. Century Casinos Inc. has a 52-week low of $5.34 and a 52-week high of $7.84. The company’s 50 day moving average price is $6.57 and its 200 day moving average price is $6.22.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.44 million. Century Casinos had a return on equity of 5.95% and a net margin of 5.68%. Analysts predict that Century Casinos Inc. will post $0.36 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Century Casinos from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th.
About Century Casinos
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).