LGT Capital Partners LTD. cut its position in shares of PlayAGS Inc (NYSE:AGS – Get Rating) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 527,338 shares of the company’s stock after selling 72,662 shares during the quarter. LGT Capital Partners LTD. owned 1.40% of PlayAGS worth $2,689,000 at the end of the most recent quarter.
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A number of other institutional investors have also added to or reduced their stakes in AGS. Goldman Sachs Group Inc. grew its position in PlayAGS by 67.7% during the second quarter. Goldman Sachs Group Inc. now owns 3,436,840 shares of the company’s stock worth $17,734,000 after buying an additional 1,387,152 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in PlayAGS by 10,871.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 877,700 shares of the company’s stock worth $4,652,000 after buying an additional 869,700 shares in the last quarter. ING Groep NV acquired a new stake in PlayAGS during the third quarter worth about $4,505,000. Deutsche Bank AG grew its position in PlayAGS by 193.6% during the second quarter. Deutsche Bank AG now owns 1,023,920 shares of the company’s stock worth $5,283,000 after buying an additional 675,126 shares in the last quarter. Finally, Beryl Capital Management LLC acquired a new stake in PlayAGS during the third quarter valued at approximately $2,265,000. 81.29% of the stock is owned by institutional investors and hedge funds.
PlayAGS Stock Performance
NYSE:AGS opened at $6.85 on Friday. PlayAGS Inc has a 1 year low of $4.21 and a 1 year high of $8.40. The firm has a 50 day moving average of $6.36 and a 200-day moving average of $5.90. The company has a current ratio of 2.50, a quick ratio of 1.89 and a debt-to-equity ratio of 11.14.
Analyst Ratings Changes
Separately, Truist Financial lifted their price objective on PlayAGS from $8.00 to $11.00 and gave the company a “buy” rating in a report on Friday, March 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.
PlayAGS Company Profile
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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