Bank of New York Mellon Corp Increases Stock Holdings in PlayAGS Inc (NYSE:AGS)

Bank of New York Mellon Corp boosted its stake in shares of PlayAGS Inc (NYSE:AGS) by 11.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 198,835 shares of the company’s stock after buying an additional 20,375 shares during the period. Bank of New York Mellon Corp owned approximately 0.50% of PlayAGS worth $2,287,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in PlayAGS by 65.0% during the second quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock valued at $172,000 after acquiring an additional 5,906 shares during the last quarter. Boston Partners raised its position in PlayAGS by 214.2% in the 1st quarter. Boston Partners now owns 827,069 shares of the company’s stock worth $7,426,000 after purchasing an additional 563,843 shares during the period. Kennedy Capital Management LLC lifted its stake in PlayAGS by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company’s stock worth $555,000 after purchasing an additional 2,198 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of PlayAGS during the first quarter valued at approximately $96,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of PlayAGS during the first quarter valued at approximately $4,026,000. 77.44% of the stock is currently owned by institutional investors.

PlayAGS Price Performance

Shares of AGS stock opened at $11.31 on Tuesday. The company has a market capitalization of $455.11 million, a P/E ratio of 94.33 and a beta of 2.36. The company’s 50-day simple moving average is $11.36 and its two-hundred day simple moving average is $10.53. PlayAGS Inc has a one year low of $6.27 and a one year high of $11.75. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43.

PlayAGS (NYSE:AGS) last announced its quarterly 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). The firm had revenue of $96.74 million during the quarter, compared to analysts’ expectations of $94.93 million. PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. As a group, equities analysts anticipate that PlayAGS Inc will post 0.43 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGS. B. Riley reiterated a “neutral” rating and issued a $12.50 price target (down from $16.00) on shares of PlayAGS in a report on Monday, August 5th. Stifel Nicolaus lowered PlayAGS from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $12.50 in a research note on Thursday, May 23rd.

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.