Los Angeles Capital Management LLC Sells 11,520 Shares of PlayAGS Inc (NYSE:AGS)

Los Angeles Capital Management LLC lowered its stake in PlayAGS Inc (NYSE:AGS) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 237,120 shares of the company’s stock after selling 11,520 shares during the quarter. Los Angeles Capital Management LLC owned about 0.60% of PlayAGS worth $2,129,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in shares of PlayAGS by 19.1% in the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock worth $106,000 after purchasing an additional 2,023 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of PlayAGS in the fourth quarter worth $203,000. Jump Financial LLC lifted its position in shares of PlayAGS by 114.2% in the fourth quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock worth $239,000 after purchasing an additional 15,082 shares in the last quarter. Meredith Wealth Planning bought a new stake in shares of PlayAGS in the fourth quarter worth $362,000. Finally, Kennedy Capital Management LLC lifted its position in shares of PlayAGS by 2.4% in the third quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock worth $382,000 after purchasing an additional 1,375 shares in the last quarter. Institutional investors own 77.44% of the company’s stock.

PlayAGS Stock Performance

AGS stock opened at $11.53 on Friday. The company has a debt-to-equity ratio of 7.30, a quick ratio of 2.60 and a current ratio of 3.38. The company’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $9.26. PlayAGS Inc has a 52 week low of $5.10 and a 52 week high of $11.75. The company has a market capitalization of $454.92 million, a PE ratio of 96.08 and a beta of 2.41.

Wall Street Analyst Weigh In

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

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.