Russell Investments Group Ltd. Buys New Holdings in Playags Inc (AGS)

Russell Investments Group Ltd. bought a new position in Playags Inc (NYSE:AGS) during the 1st quarter, Holdings Channel reports. The fund bought 228,972 shares of the company’s stock, valued at approximately $5,326,000.

Several other hedge funds have also recently modified their holdings of AGS. New York State Common Retirement Fund bought a new stake in shares of Playags in the first quarter worth about $140,000. Brinker Capital Inc. bought a new stake in shares of Playags in the first quarter worth about $223,000. Spark Investment Management LLC bought a new stake in shares of Playags in the first quarter worth about $351,000. Engineers Gate Manager LP bought a new stake in shares of Playags in the first quarter worth about $400,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of Playags in the first quarter worth about $664,000.

Shares of Playags opened at $24.70 on Thursday, according to MarketBeat.com. The company has a current ratio of 2.91, a quick ratio of 2.08 and a debt-to-equity ratio of 3.37. Playags Inc has a 1-year low of $16.66 and a 1-year high of $26.15.

Playags (NYSE:AGS) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The company had revenue of $64.86 million for the quarter, compared to the consensus estimate of $60.83 million. research analysts forecast that Playags Inc will post -0.26 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on AGS shares. Stifel Nicolaus lifted their target price on Playags from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Deutsche Bank lifted their target price on Playags from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Bank of America lifted their target price on Playags from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Finally, ValuEngine raised Playags from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.75.

About Playags

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

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Institutional Ownership by Quarter for Playags (NYSE:AGS)

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