Rhumbline Advisers Has $760,000 Stock Position in PlayAGS Inc (NYSE:AGS)

Rhumbline Advisers grew its stake in shares of PlayAGS Inc (NYSE:AGS) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,081 shares of the company’s stock after purchasing an additional 11,922 shares during the period. Rhumbline Advisers owned approximately 0.17% of PlayAGS worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AGS. Jump Financial LLC raised its holdings in shares of PlayAGS by 114.2% in the 4th quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock worth $239,000 after acquiring an additional 15,082 shares during the last quarter. Contrarian Capital Management L.L.C. raised its holdings in shares of PlayAGS by 18.1% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 102,000 shares of the company’s stock worth $860,000 after acquiring an additional 15,600 shares during the last quarter. Brigade Capital Management LP raised its holdings in shares of PlayAGS by 2.2% in the 4th quarter. Brigade Capital Management LP now owns 1,837,228 shares of the company’s stock worth $15,488,000 after acquiring an additional 39,181 shares during the last quarter. Intrinsic Edge Capital Management LLC raised its holdings in shares of PlayAGS by 15.6% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 117,284 shares of the company’s stock worth $989,000 after acquiring an additional 15,871 shares during the last quarter. Finally, Mill Road Capital Management LLC raised its holdings in shares of PlayAGS by 10.2% in the 4th quarter. Mill Road Capital Management LLC now owns 345,377 shares of the company’s stock worth $2,912,000 after acquiring an additional 31,977 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PlayAGS Trading Up 0.4 %

NYSE:AGS opened at $11.34 on Tuesday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 2.43 and a current ratio of 3.06. The firm has a market cap of $447.42 million, a price-to-earnings ratio of 94.50 and a beta of 2.36. PlayAGS Inc has a 52 week low of $6.27 and a 52 week high of $11.75. The firm has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $10.62.

PlayAGS (NYSE:AGS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that PlayAGS Inc will post 0.43 earnings per share for the current fiscal year.

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.