Short Interest in PlayAGS Inc (NYSE:AGS) Declines By 6.6%

PlayAGS Inc (NYSE:AGSGet Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 350,800 shares, a drop of 6.6% from the April 15th total of 375,700 shares. Based on an average daily trading volume, of 278,400 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. B. Riley assumed coverage on PlayAGS in a research report on Friday, April 5th. They set a “buy” rating and a $16.00 price target for the company. JMP Securities reissued a “market outperform” rating and set a $13.00 price target on shares of PlayAGS in a research report on Monday, April 1st. Finally, Truist Financial restated a “hold” rating and set a $12.50 price objective (down previously from $13.00) on shares of PlayAGS in a report on Monday, May 13th.

View Our Latest Stock Analysis on AGS

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its holdings in PlayAGS by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company’s stock valued at $555,000 after acquiring an additional 2,198 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in PlayAGS in the first quarter valued at $96,000. Hillsdale Investment Management Inc. acquired a new position in PlayAGS in the first quarter valued at $4,026,000. Acadian Asset Management LLC boosted its holdings in PlayAGS by 1.8% in the first quarter. Acadian Asset Management LLC now owns 590,175 shares of the company’s stock valued at $5,299,000 after acquiring an additional 10,301 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PlayAGS by 3.4% in the first quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock valued at $19,440,000 after acquiring an additional 70,799 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Price Performance

AGS stock opened at $11.55 on Friday. PlayAGS has a 52-week low of $5.10 and a 52-week high of $11.65. The stock’s fifty day simple moving average is $9.20 and its 200-day simple moving average is $8.55. The company has a quick ratio of 2.60, a current ratio of 3.38 and a debt-to-equity ratio of 7.30. The stock has a market capitalization of $455.76 million, a price-to-earnings ratio of 1,156.16 and a beta of 2.38.

About PlayAGS

(Get Free Report)

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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