Millennium Management LLC Has $16.28 Million Position in PlayAGS Inc (NYSE:AGS)

Millennium Management LLC cut its position in shares of PlayAGS Inc (NYSE:AGS) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,415,760 shares of the company’s stock after selling 64,735 shares during the quarter. Millennium Management LLC owned 3.59% of PlayAGS worth $16,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brigade Capital Management LP grew its holdings in shares of PlayAGS by 2.2% during the 4th quarter. Brigade Capital Management LP now owns 1,837,228 shares of the company’s stock worth $15,488,000 after purchasing an additional 39,181 shares in the last quarter. Intrinsic Edge Capital Management LLC raised its stake 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 valued at $989,000 after buying an additional 15,871 shares in the last quarter. Mill Road Capital Management LLC lifted its holdings in shares of PlayAGS by 10.2% during 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 period. Napatree Capital LLC acquired a new stake in shares of PlayAGS during the 4th quarter valued at about $707,000. Finally, Peregrine Capital Management LLC bought a new stake in PlayAGS in the first quarter valued at about $5,841,000. 77.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

PlayAGS Stock Up 0.4 %

Shares of NYSE AGS opened at $11.55 on Friday. PlayAGS Inc has a 52-week low of $6.27 and a 52-week high of $11.75. 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 business has a fifty day moving average of $11.34 and a two-hundred day moving average of $10.77. The stock has a market cap of $455.71 million, a PE ratio of 96.25 and a beta of 2.36.

PlayAGS (NYSE:AGS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 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 analyst estimates of $94.93 million. PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. As a group, equities research analysts expect that PlayAGS Inc will post 0.43 earnings per share for the current fiscal year.

PlayAGS 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.