PlayAGS Inc (NYSE:AGS) Short Interest Update

PlayAGS Inc (NYSE:AGS) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 510,200 shares, an increase of 50.2% from the June 15th total of 339,700 shares. Based on an average trading volume of 573,100 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On PlayAGS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in PlayAGS by 3.1% during the first quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company’s stock valued at $454,000 after purchasing an additional 1,497 shares during the period. Mackenzie Financial Corp grew its stake in shares of PlayAGS by 19.1% during the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock valued at $106,000 after buying an additional 2,023 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of PlayAGS by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company’s stock valued at $555,000 after buying an additional 2,198 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of PlayAGS by 65.0% during the second quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock valued at $172,000 after buying an additional 5,906 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of PlayAGS by 1.8% during the first quarter. Acadian Asset Management LLC now owns 590,175 shares of the company’s stock valued at $5,299,000 after buying an additional 10,301 shares during the last quarter. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AGS. JMP Securities reiterated a “market outperform” rating and issued a $13.00 target price on shares of PlayAGS in a research report on Monday, April 1st. B. Riley began coverage on PlayAGS in a research report on Friday, April 5th. They issued a “buy” rating and a $16.00 target price on the stock. Truist Financial reiterated a “hold” rating and issued a $12.50 target price (down from $13.00) on shares of PlayAGS in a research report on Monday, May 13th. Finally, Stifel Nicolaus downgraded PlayAGS from a “buy” rating to a “hold” rating and boosted their target price for the stock from $12.00 to $12.50 in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.50.

PlayAGS Trading Down 0.5 %

AGS stock traded down $0.06 during midday trading on Friday, reaching $11.40. 262,580 shares of the company traded hands, compared to its average volume of 340,874. PlayAGS has a 52-week low of $6.04 and a 52-week high of $11.75. The company has a debt-to-equity ratio of 7.30, a quick ratio of 2.60 and a current ratio of 3.38. The business has a 50 day moving average of $11.32 and a 200-day moving average of $9.64. The firm has a market capitalization of $449.84 million, a price-to-earnings ratio of 94.92 and a beta of 2.45.

PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. PlayAGS had a return on equity of 7.71% and a net margin of 1.38%. The business had revenue of $95.97 million for the quarter, compared to the consensus estimate of $88.18 million. As a group, sell-side analysts expect that PlayAGS will post 0.53 earnings per share for the current fiscal year.

About PlayAGS

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.