Principal Financial Group Inc. Buys Shares of 20,835 PlayAGS Inc (NYSE:AGS)

Principal Financial Group Inc. purchased a new position in PlayAGS Inc (NYSE:AGS) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,835 shares of the company’s stock, valued at approximately $237,000. Principal Financial Group Inc. owned 0.05% of PlayAGS at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Associates Management Inc. bought a new stake in PlayAGS during the second quarter worth approximately $17,605,000. Water Island Capital LLC acquired a new position in shares of PlayAGS during the 2nd quarter valued at $10,432,000. Boston Partners raised its stake in shares of 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 buying an additional 563,843 shares in the last quarter. Hsbc Holdings PLC raised 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 worth $5,408,000 after buying an additional 444,030 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of PlayAGS by 1,211.7% in the second quarter. Gabelli Funds LLC now owns 327,922 shares of the company’s stock valued at $3,771,000 after buying an additional 302,922 shares during the period. 77.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

PlayAGS Price Performance

NYSE AGS opened at $11.63 on Tuesday. The stock has a market capitalization of $476.02 million, a P/E ratio of 68.41 and a beta of 2.35. 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 business’s fifty day moving average is $11.55 and its two-hundred day moving average is $11.47. PlayAGS Inc has a 1 year low of $7.32 and a 1 year high of $11.75.

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.