Bank of America Corp DE raised its stake in shares of PlayAGS Inc (NYSE:AGS) by 173.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,072 shares of the company’s stock after purchasing an additional 46,366 shares during the period. Bank of America Corp DE owned 0.20% of PlayAGS worth $1,978,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of PlayAGS in the first quarter worth $188,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PlayAGS in the second quarter worth $284,000. California State Teachers Retirement System acquired a new stake in shares of PlayAGS in the first quarter worth $367,000. Legal & General Group Plc acquired a new stake in shares of PlayAGS in the first quarter worth $367,000. Finally, Millennium Management LLC acquired a new stake in shares of PlayAGS in the first quarter worth $371,000.
Several equities research analysts have recently issued reports on AGS shares. SunTrust Banks reissued a “buy” rating and issued a $35.00 price objective on shares of PlayAGS in a research report on Sunday, August 12th. Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. ValuEngine lowered shares of PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Deutsche Bank increased their price objective on shares of PlayAGS to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Finally, Stifel Nicolaus increased their price objective on shares of PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. PlayAGS currently has a consensus rating of “Buy” and a consensus target price of $33.88.
AGS opened at $21.01 on Friday. The firm has a market cap of $796.93 million and a P/E ratio of -10.83. PlayAGS Inc has a twelve month low of $16.66 and a twelve month high of $32.80. The company has a quick ratio of 2.01, a current ratio of 2.74 and a debt-to-equity ratio of 3.55.
PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The business had revenue of $71.80 million during the quarter, compared to analyst estimates of $69.06 million. PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. PlayAGS’s revenue was up 34.7% on a year-over-year basis. Equities analysts forecast that PlayAGS Inc will post -0.44 earnings per share for the current year.
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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.
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