MML Investors Services LLC Lowers Holdings in PlayAGS Inc (NYSE:AGS)

MML Investors Services LLC lowered its stake in shares of PlayAGS Inc (NYSE:AGS) by 42.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 26,465 shares of the company’s stock after selling 19,413 shares during the period. MML Investors Services LLC owned about 0.06% of PlayAGS worth $301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AGS. Alpine Associates Management Inc. purchased a new position in PlayAGS during the second quarter valued at approximately $17,605,000. Water Island Capital LLC purchased a new position in shares of PlayAGS during the 2nd quarter valued at approximately $10,432,000. Hsbc Holdings PLC lifted its stake in shares of PlayAGS by 1,442.2% in the 2nd quarter. Hsbc Holdings PLC now owns 474,818 shares of the company’s stock valued at $5,408,000 after purchasing an additional 444,030 shares during the period. Gabelli Funds LLC boosted its holdings in PlayAGS by 1,211.7% during the second quarter. Gabelli Funds LLC now owns 327,922 shares of the company’s stock worth $3,771,000 after buying an additional 302,922 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in PlayAGS by 15.1% during the second quarter. Renaissance Technologies LLC now owns 1,771,742 shares of the company’s stock valued at $20,375,000 after buying an additional 232,500 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Trading Up 0.4 %

Shares of PlayAGS stock opened at $11.52 on Thursday. PlayAGS Inc has a fifty-two week low of $7.57 and a fifty-two week high of $11.75. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35. The company has a market cap of $471.48 million, a P/E ratio of 67.76 and a beta of 2.33. The firm has a 50-day simple moving average of $11.59 and a two-hundred day simple moving average of $11.47.

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.