PlayAGS Inc (NYSE:AGS – Get Rating) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 552,700 shares, a decline of 12.8% from the October 15th total of 634,100 shares. Based on an average trading volume of 281,800 shares, the short-interest ratio is presently 2.0 days. Approximately 2.0% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
AGS has been the subject of several recent research reports. Credit Suisse Group lowered their price target on shares of PlayAGS from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. B. Riley boosted their price target on shares of PlayAGS from $12.00 to $14.00 in a research note on Tuesday, August 9th. Truist Financial lowered their price target on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Stifel Nicolaus lowered their price target on shares of PlayAGS from $11.00 to $9.00 in a research note on Monday, August 1st. Finally, TheStreet downgraded shares of PlayAGS from a “c-” rating to a “d” rating in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.
PlayAGS Trading Down 2.7 %
Shares of NYSE:AGS traded down $0.15 during midday trading on Wednesday, hitting $5.35. 1,070,089 shares of the stock traded hands, compared to its average volume of 324,710. The stock has a market capitalization of $202.01 million, a PE ratio of -9.91 and a beta of 2.39. The business’s 50 day moving average is $6.16 and its two-hundred day moving average is $5.95. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 12.46. PlayAGS has a one year low of $4.21 and a one year high of $8.68.
Hedge Funds Weigh In On PlayAGS
Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of PlayAGS by 67.7% during the second quarter. Goldman Sachs Group Inc. now owns 3,436,840 shares of the company’s stock valued at $17,734,000 after acquiring an additional 1,387,152 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of PlayAGS by 2.6% during the second quarter. Renaissance Technologies LLC now owns 1,354,542 shares of the company’s stock valued at $6,989,000 after buying an additional 34,100 shares during the period. Deutsche Bank AG increased its position in shares of PlayAGS by 193.6% during the second quarter. Deutsche Bank AG now owns 1,023,920 shares of the company’s stock valued at $5,283,000 after buying an additional 675,126 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 valued at $4,652,000 after buying an additional 869,700 shares during the period. Finally, BlackRock Inc. increased its position in shares of PlayAGS by 1.2% during the third quarter. BlackRock Inc. now owns 856,746 shares of the company’s stock valued at $4,541,000 after buying an additional 10,067 shares during the period. 88.94% of the stock is owned by institutional investors.
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.
Further Reading
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