Brasada Capital Management LP Cuts Position in PlayAGS Inc (AGS)
Brasada Capital Management LP lessened its holdings in PlayAGS Inc (NYSE:AGS) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,150 shares of the company’s stock after selling 9,400 shares during the quarter. Brasada Capital Management LP’s holdings in PlayAGS were worth $417,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in PlayAGS by 84.9% in the 2nd quarter. BlackRock Inc. now owns 1,111,850 shares of the company’s stock worth $30,097,000 after buying an additional 510,448 shares during the period. Emerald Advisers Inc. PA increased its holdings in PlayAGS by 21.1% in the 2nd quarter. Emerald Advisers Inc. PA now owns 908,421 shares of the company’s stock worth $24,591,000 after buying an additional 158,250 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in PlayAGS by 1.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 783,770 shares of the company’s stock worth $23,098,000 after buying an additional 9,742 shares during the period. Russell Investments Group Ltd. increased its holdings in PlayAGS by 34.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 726,741 shares of the company’s stock worth $21,420,000 after buying an additional 186,715 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in PlayAGS in the 1st quarter worth approximately $12,030,000.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of PlayAGS from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, August 7th. Telsey Advisory Group began coverage on shares of PlayAGS in a research note on Thursday, August 23rd. They set an “outperform” rating and a $37.00 price objective on the stock. Credit Suisse Group began coverage on shares of PlayAGS in a research note on Tuesday, August 14th. They set an “outperform” rating and a $35.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of PlayAGS in a research note on Tuesday. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $33.00 price objective on shares of PlayAGS in a research note on Monday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.38.
PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The business’s revenue was up 34.7% compared to the same quarter last year. As a group, analysts forecast that PlayAGS Inc will post -0.46 EPS for the current fiscal year.
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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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