Quarry LP Lowers Position in PlayAGS Inc (NYSE:AGS)

Quarry LP trimmed its position in shares of PlayAGS Inc (NYSE:AGS) by 32.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,064 shares of the company’s stock after selling 1,938 shares during the quarter. Quarry LP’s holdings in PlayAGS were worth $34,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of PlayAGS during the third quarter valued at approximately $86,000. Mackenzie Financial Corp boosted its holdings in shares of PlayAGS by 19.1% during the 4th quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock valued at $106,000 after buying an additional 2,023 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of PlayAGS in the 4th quarter worth about $203,000. Meredith Wealth Planning bought a new position in shares of PlayAGS in the 4th quarter worth about $362,000. Finally, Kennedy Capital Management LLC lifted its position in PlayAGS by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock valued at $382,000 after acquiring an additional 1,375 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Stock Performance

Shares of AGS opened at $11.55 on Tuesday. The company has a current ratio of 3.38, a quick ratio of 2.60 and a debt-to-equity ratio of 7.30. PlayAGS Inc has a 12 month low of $5.10 and a 12 month high of $11.75. The company has a market cap of $455.76 million, a price-to-earnings ratio of 96.25 and a beta of 2.41. The business’s fifty day simple moving average is $10.33 and its two-hundred day simple moving average is $9.17.

Analyst Upgrades and Downgrades

AGS has been the topic of a number of recent research reports. Stifel Nicolaus cut shares of PlayAGS from a “buy” rating to a “hold” rating and upped their price objective for the stock from $12.00 to $12.50 in a report on Thursday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $13.00 price objective on shares of PlayAGS in a research report on Monday, April 1st. Truist Financial reissued a “hold” rating and issued a $12.50 target price (down from $13.00) on shares of PlayAGS in a report on Monday, May 13th. Finally, B. Riley started coverage on PlayAGS in a report on Friday, April 5th. They set a “buy” rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, PlayAGS presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

About PlayAGS

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.