Prescott Group Capital Management L.L.C. Boosts Position in PlayAGS Inc (NYSE:AGS)

Prescott Group Capital Management L.L.C. grew its holdings in shares of PlayAGS Inc (NYSE:AGS – Get Rating) by 145.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,559 shares of the company’s stock after buying an additional 72,000 shares during the period. Prescott Group Capital Management L.L.C. owned 0.32% of PlayAGS worth $620,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AGS. Bank of New York Mellon Corp increased its stake in shares of PlayAGS by 22.7% during the first quarter. Bank of New York Mellon Corp now owns 157,475 shares of the company’s stock valued at $1,050,000 after buying an additional 29,120 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PlayAGS during the first quarter valued at approximately $712,000. Dimensional Fund Advisors LP boosted its position in shares of PlayAGS by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 267,630 shares of the company’s stock valued at $1,786,000 after purchasing an additional 70,206 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of PlayAGS during the first quarter valued at approximately $56,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of PlayAGS by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 73,174 shares of the company’s stock valued at $489,000 after purchasing an additional 4,467 shares in the last quarter. 81.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on PlayAGS from $11.00 to $9.00 in a report on Wednesday, May 17th. Jefferies Financial Group raised PlayAGS from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $10.00 in a report on Monday, May 15th. Finally, Truist Financial boosted their target price on PlayAGS from $8.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, March 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.33.

PlayAGS Stock Performance

AGS traded up $0.13 during midday trading on Friday, reaching $6.03. The company had a trading volume of 94,663 shares, compared to its average volume of 605,540. The company has a quick ratio of 2.20, a current ratio of 2.99 and a debt-to-equity ratio of 9.99. The business has a 50-day moving average of $6.13 and a two-hundred day moving average of $5.87. The company has a market cap of $228.66 million, a P/E ratio of 59.01 and a beta of 2.37. PlayAGS Inc has a 1 year low of $4.21 and a 1 year high of $8.40.

PlayAGS (NYSE:AGS – Get Rating) last released its earnings results on Thursday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. PlayAGS had a return on equity of 9.13% and a net margin of 1.32%. The firm had revenue of $81.74 million during the quarter, compared to analysts’ expectations of $78.17 million. As a group, equities research analysts predict that PlayAGS Inc will post 0.01 earnings per share for the current fiscal year.

About PlayAGS

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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.