Sei Investments Co. Decreases Position in PlayAGS Inc (NYSE:AGS)

Sei Investments Co. lowered its stake in shares of PlayAGS Inc (NYSE:AGS) by 31.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,286 shares of the company’s stock after selling 76,957 shares during the quarter. Sei Investments Co. owned 0.42% of PlayAGS worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in PlayAGS in the 2nd quarter valued at about $181,000. Hsbc Holdings PLC grew its holdings in PlayAGS by 1,442.2% during the 2nd quarter. Hsbc Holdings PLC now owns 474,818 shares of the company’s stock worth $5,408,000 after acquiring an additional 444,030 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of PlayAGS by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,771,742 shares of the company’s stock valued at $20,375,000 after purchasing an additional 232,500 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $17,605,000. Finally, American Century Companies Inc. lifted its position in shares of PlayAGS by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 52,902 shares of the company’s stock worth $608,000 after purchasing an additional 2,838 shares during the last quarter. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley restated a “neutral” rating and issued a $12.50 price target (down from $16.00) on shares of PlayAGS in a research note on Monday, August 5th.

PlayAGS Trading Up 0.4 %

Shares of PlayAGS stock opened at $11.55 on Friday. The company has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $10.77. PlayAGS Inc has a 12-month low of $6.27 and a 12-month high of $11.75. The company has a current ratio of 3.06, a quick ratio of 2.43 and a debt-to-equity ratio of 7.65. The stock has a market cap of $455.71 million, a price-to-earnings ratio of 96.25 and a beta of 2.36.

PlayAGS (NYSE:AGS) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The firm had revenue of $96.74 million during the quarter, compared to analyst estimates of $94.93 million. On average, equities analysts forecast that PlayAGS Inc will post 0.43 EPS for the current fiscal year.

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.