Century Casinos (CNTY)

• Sector: Consumer Discretionary
• Industry: Hotels & Motels

Market Cap: $74.9M

About: Century Casinos Inc is a casino entertainment company that develops and operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), and entertainment facilities in North America. The company has three reportable segments based on the geographical locations in which its casinos operate; United States; Century Casino & Hotel-Central City, and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville, and Century Casino Cape Girardeau in Missouri, Canada; Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton and Casino Century Downs Racetrack and Casino in Calgary, and Poland; Casinos Poland.

Employees: 4,153

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

9.24% less ownership

Funds ownership: 68.49% [Q1] → 59.25% (-9.24%) [Q2]

13% less funds holding

Funds holding: 88 [Q1] → 77 (-11) [Q2]

23% less capital invested

Capital invested by funds: $65.7M [Q1] → $50.3M (-$15.4M) [Q2]

37% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 30

56% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 32

66% less call options, than puts

Call options by funds: $44K | Put options by funds: $130K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $4 64% upside
• Avg. target: $4 64% upside
• High target: $4 64% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Macquarie Chad Beynon 58% 1-year accuracy 15 / 26 met price target

64% upside $4

Outperform Maintained

9 Aug 2024