Emerald Advisers LLC Has $20.03 Million Position in PlayAGS Inc (AGS)

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Emerald Advisers LLC lowered its holdings in PlayAGS Inc (NYSE:AGS) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,057 shares of the company’s stock after selling 15,711 shares during the period. Emerald Advisers LLC owned about 2.47% of PlayAGS worth $20,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AGS. Bank of New York Mellon Corp grew its position in PlayAGS by 74.0% in the second quarter. Bank of New York Mellon Corp now owns 50,521 shares of the company’s stock valued at $1,368,000 after purchasing an additional 21,481 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of PlayAGS by 83.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 77,435 shares of the company’s stock valued at $2,097,000 after acquiring an additional 35,331 shares during the period. BlackRock Inc. grew its position in shares of PlayAGS by 84.9% in the 2nd quarter. BlackRock Inc. now owns 1,111,850 shares of the company’s stock valued at $30,097,000 after acquiring an additional 510,448 shares during the period. FMR LLC grew its position in shares of PlayAGS by 195.4% in the 2nd quarter. FMR LLC now owns 415,354 shares of the company’s stock valued at $11,244,000 after acquiring an additional 274,754 shares during the period. Finally, Bank of America Corp DE grew its position in shares of PlayAGS by 173.6% in the 2nd quarter. Bank of America Corp DE now owns 73,072 shares of the company’s stock valued at $1,978,000 after acquiring an additional 46,366 shares during the period.

NYSE AGS opened at $24.94 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.94 and a debt-to-equity ratio of 3.37. The stock has a market cap of $875.93 million and a PE ratio of -12.85. PlayAGS Inc has a 52-week low of $18.22 and a 52-week high of $32.80.

PlayAGS (NYSE:AGS) last posted its earnings results on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $69.06 million. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The business’s quarterly revenue was up 34.7% on a year-over-year basis. As a group, equities research analysts expect that PlayAGS Inc will post -0.41 earnings per share for the current year.

A number of brokerages have recently commented on AGS. Zacks Investment Research raised shares of PlayAGS from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Friday, January 11th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price objective on shares of PlayAGS in a research report on Tuesday, November 13th. ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Finally, SunTrust Banks restated a “buy” rating and set a $33.00 target price on shares of PlayAGS in a research note on Monday, November 12th. Nine research analysts have rated the stock with a buy rating, PlayAGS has a consensus rating of “Buy” and an average target price of $32.75.

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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.

Further Reading: Bear Market

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Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

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