State of New Jersey Common Pension Fund D bought a new position in PlayAGS Inc (NYSE:AGS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 108,600 shares of the company’s stock, valued at approximately $1,116,000. State of New Jersey Common Pension Fund D owned about 0.31% of PlayAGS at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. LGT Capital Partners LTD. raised its stake in PlayAGS by 64.8% during the second quarter. LGT Capital Partners LTD. now owns 103,000 shares of the company’s stock worth $2,003,000 after acquiring an additional 40,490 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $3,974,000. Quantitative Systematic Strategies LLC raised its holdings in shares of PlayAGS by 71.3% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,284 shares of the company’s stock valued at $336,000 after purchasing an additional 7,195 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $326,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $1,377,000. 97.98% of the stock is owned by institutional investors and hedge funds.
In other news, insider (Tony) Lethlean Anthony sold 881,252 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $0.14, for a total value of $123,375.28. Also, CFO Kimo Akiona acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $10.55 per share, with a total value of $105,500.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,028 shares of company stock valued at $179,853. Company insiders own 2.40% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of PlayAGS from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America downgraded shares of PlayAGS from a “buy” rating to an “underperform” rating in a research report on Thursday, August 8th. Credit Suisse Group lowered their target price on shares of PlayAGS from $35.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Union Gaming Research downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Deutsche Bank downgraded shares of PlayAGS from a “buy” rating to a “hold” rating and lowered their target price for the company from $31.00 to $18.00 in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. PlayAGS presently has a consensus rating of “Hold” and a consensus price target of $24.14.
Shares of NYSE AGS traded up $0.28 during midday trading on Tuesday, hitting $12.45. The company had a trading volume of 1,429 shares, compared to its average volume of 360,179. The company has a quick ratio of 1.41, a current ratio of 1.92 and a debt-to-equity ratio of 4.18. PlayAGS Inc has a twelve month low of $6.05 and a twelve month high of $27.85. The business has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $15.73. The firm has a market capitalization of $418.93 million, a price-to-earnings ratio of -82.87, a price-to-earnings-growth ratio of 30.78 and a beta of 1.19.
PlayAGS (NYSE:AGS) last announced its earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). The business had revenue of $79.38 million for the quarter, compared to analyst estimates of $78.36 million. PlayAGS had a negative return on equity of 8.15% and a negative net margin of 7.87%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, equities analysts forecast that PlayAGS Inc will post 0.03 EPS for the current year.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.
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