Shares of PlayAGS Inc (NYSE:AGS) have earned a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.43.
Several brokerages have recently commented on AGS. Zacks Investment Research upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, March 15th. Deutsche Bank restated a “buy” rating and issued a $32.00 target price on shares of PlayAGS in a research note on Wednesday, March 6th. Credit Suisse Group restated an “outperform” rating and issued a $35.00 target price on shares of PlayAGS in a research note on Wednesday, March 20th. Finally, ValuEngine upgraded shares of PlayAGS from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th.
AGS opened at $19.63 on Monday. PlayAGS has a fifty-two week low of $18.67 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.36 and a current ratio of 1.91. The firm has a market cap of $695.12 million, a price-to-earnings ratio of -130.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60.
In related news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $25.50, for a total transaction of $102,000,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Lopez sold 6,144 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.98, for a total transaction of $128,901.12. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AGS. Loomis Sayles & Co. L P acquired a new position in PlayAGS during the 1st quarter worth about $23,911,000. Marshall Wace LLP bought a new stake in PlayAGS during the 1st quarter worth about $20,195,000. FMR LLC raised its holdings in PlayAGS by 37.9% during the 4th quarter. FMR LLC now owns 1,585,184 shares of the company’s stock worth $36,459,000 after purchasing an additional 436,074 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in PlayAGS by 28.1% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 1,886,525 shares of the company’s stock worth $45,145,000 after purchasing an additional 414,101 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in PlayAGS by 51.6% during the 3rd quarter. Vanguard Group Inc now owns 1,055,404 shares of the company’s stock worth $31,103,000 after purchasing an additional 359,451 shares during the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.
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.
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