PlayAGS Inc (NYSE:AGS) Holdings Increased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in shares of PlayAGS Inc (NYSE:AGS) by 360.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,020 shares of the company’s stock after buying an additional 143,286 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.45% of PlayAGS worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of PlayAGS by 3.1% during the 1st quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company’s stock worth $454,000 after buying an additional 1,497 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of PlayAGS by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company’s stock worth $555,000 after buying an additional 2,198 shares in the last quarter. American Century Companies Inc. raised its position in shares of PlayAGS by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 52,902 shares of the company’s stock worth $608,000 after buying an additional 2,838 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of PlayAGS by 65.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock worth $172,000 after buying an additional 5,906 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of PlayAGS by 1.8% during the 1st quarter. Acadian Asset Management LLC now owns 590,175 shares of the company’s stock worth $5,299,000 after buying an additional 10,301 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

PlayAGS Stock Performance

Shares of AGS opened at $11.39 on Tuesday. The firm’s 50 day moving average is $11.34 and its 200-day moving average is $10.71. The stock has a market capitalization of $449.39 million, a P/E ratio of 94.92 and a beta of 2.36. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43. PlayAGS Inc has a 12-month low of $6.27 and a 12-month high of $11.75.

PlayAGS (NYSE:AGS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.10). The business had revenue of $96.74 million during the quarter, compared to analyst estimates of $94.93 million. PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. Equities research analysts anticipate that PlayAGS Inc will post 0.43 EPS 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.