Citigroup Inc. grew its stake in PlayAGS Inc (NYSE:AGS – Get Rating) by 1,606.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,845 shares of the company’s stock after purchasing an additional 77,990 shares during the quarter. Citigroup Inc. owned approximately 0.22% of PlayAGS worth $423,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AGS. Goldman Sachs Group Inc. increased its holdings in PlayAGS by 67.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,436,840 shares of the company’s stock valued at $17,734,000 after buying an additional 1,387,152 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PlayAGS by 10,871.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 877,700 shares of the company’s stock valued at $4,652,000 after buying an additional 869,700 shares during the period. ING Groep NV acquired a new stake in shares of PlayAGS in the 3rd quarter valued at approximately $4,505,000. B. Riley Financial Inc. acquired a new stake in shares of PlayAGS in the 4th quarter valued at approximately $4,287,000. Finally, Beryl Capital Management LLC acquired a new stake in shares of PlayAGS in the 3rd quarter valued at approximately $2,265,000. 81.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AGS shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PlayAGS from $11.00 to $9.00 in a research note on Wednesday, May 17th. Truist Financial lifted their target price on shares of PlayAGS from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, March 10th. Finally, Jefferies Financial Group upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $10.00 in a research report on Monday, May 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.33.
PlayAGS Stock Up 5.1 %
Shares of NYSE AGS opened at $5.82 on Wednesday. The company has a market capitalization of $220.69 million, a P/E ratio of 58.21 and a beta of 2.37. PlayAGS Inc has a 52-week low of $4.21 and a 52-week high of $8.40. The company has a debt-to-equity ratio of 9.99, a quick ratio of 2.20 and a current ratio of 2.99. The company’s 50 day moving average price is $5.96 and its 200-day moving average price is $5.86.
PlayAGS (NYSE:AGS – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $81.74 million during the quarter, compared to analyst estimates of $78.17 million. PlayAGS had a net margin of 1.32% and a return on equity of 9.13%. Equities analysts forecast that PlayAGS Inc will post 0.01 earnings per share for the current year.
PlayAGS 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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