Millennium Management LLC lifted its stake in PlayAGS Inc (NYSE:AGS) by 116.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 417,036 shares of the company’s stock after purchasing an additional 224,113 shares during the quarter. Millennium Management LLC owned about 1.18% of PlayAGS worth $4,287,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AGS. Schroder Investment Management Group raised its position in shares of PlayAGS by 83.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,497,381 shares of the company’s stock valued at $29,124,000 after purchasing an additional 679,621 shares during the last quarter. Park West Asset Management LLC raised its position in PlayAGS by 35.1% during the 2nd quarter. Park West Asset Management LLC now owns 2,350,081 shares of the company’s stock worth $45,709,000 after buying an additional 610,528 shares during the last quarter. BlackRock Inc. raised its position in PlayAGS by 22.5% during the 2nd quarter. BlackRock Inc. now owns 1,866,378 shares of the company’s stock worth $36,301,000 after buying an additional 343,293 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in PlayAGS during the 2nd quarter worth approximately $5,346,000. Finally, Jacobs Levy Equity Management Inc. raised its position in PlayAGS by 198.8% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 392,807 shares of the company’s stock worth $7,640,000 after buying an additional 261,343 shares during the last quarter. 99.66% of the stock is owned by hedge funds and other institutional investors.

AGS opened at $11.74 on Friday. PlayAGS Inc has a 12-month low of $6.05 and a 12-month high of $27.85. The company has a current ratio of 1.92, a quick ratio of 1.41 and a debt-to-equity ratio of 4.18. The firm has a market capitalization of $410.42 million, a PE ratio of -78.27 and a beta of 1.17. The firm has a 50 day moving average of $11.61 and a two-hundred day moving average of $13.99.

PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). PlayAGS had a negative return on equity of 8.15% and a negative net margin of 7.87%. The business had revenue of $79.38 million for the quarter, compared to analysts’ expectations of $78.36 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that PlayAGS Inc will post -0.17 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price target on shares of PlayAGS from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.14.

In other news, insider (Tony) Lethlean Anthony sold 881,252 shares of PlayAGS stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $0.14, for a total transaction of $123,375.28. 2.40% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

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