Is Century Casinos, Inc. (CNTY) A Good Stock To Buy?

Now, key money managers have jumped into Century Casinos, Inc. (NASDAQ:CNTY) headfirst. Coe Capital Management assembled the most valuable position in Century Casinos, Inc. (NASDAQ:CNTY). Coe Capital Management had $0.3 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Century Casinos, Inc. (NASDAQ:CNTY) but similarly valued. We will take a look at J Alexander’s Holdings Inc (NYSE:JAX), Resource America Inc (NASDAQ:REXI), and EVINE Live Inc (NASDAQ:EVLV). This group of stocks’ market values are similar to Century Casinos, Inc. (NASDAQ:CNTY)’s market value.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was 30 million. That figure was $33 million in Century Casinos, Inc. (NASDAQ:CNTY)’s case. J Alexander’s Holdings Inc (NYSE:JAX) is the most popular stock in this table. Century Casinos, Inc. (NASDAQ:CNTY) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, J Alexander’s Holdings Inc (NYSE:JAX) might be a better candidate to consider a long position.