PlayAGS Inc (NYSE:AGS) Sees Large Increase in Short Interest

PlayAGS Inc (NYSE:AGSGet Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 566,500 shares, an increase of 10.5% from the February 29th total of 512,600 shares. Based on an average daily volume of 293,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of PlayAGS by 188.0% in the second quarter. BlackRock Inc. now owns 2,770,264 shares of the company’s stock valued at $15,652,000 after purchasing an additional 1,808,292 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of PlayAGS by 67.7% in the second quarter. Goldman Sachs Group Inc. now owns 3,436,840 shares of the company’s stock valued at $17,734,000 after purchasing an additional 1,387,152 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of PlayAGS by 147.7% in the fourth quarter. Millennium Management LLC now owns 1,273,538 shares of the company’s stock valued at $6,495,000 after purchasing an additional 759,305 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of PlayAGS by 27.1% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,161,217 shares of the company’s stock valued at $16,122,000 after purchasing an additional 674,442 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new stake in shares of PlayAGS in the first quarter valued at about $3,652,000. 77.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGS has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $13.00 price objective on shares of PlayAGS in a research note on Monday. Truist Financial boosted their target price on PlayAGS from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th.

Get Our Latest Report on PlayAGS

PlayAGS Stock Down 2.9 %

NYSE:AGS opened at $8.79 on Wednesday. PlayAGS has a 1 year low of $4.53 and a 1 year high of $9.82. The company has a current ratio of 3.48, a quick ratio of 2.72 and a debt-to-equity ratio of 8.09. The stock has a market cap of $344.74 million, a price-to-earnings ratio of 879.88 and a beta of 2.40. The stock has a 50-day moving average price of $8.97 and a two-hundred day moving average price of $7.99.

PlayAGS Company Profile

(Get Free Report)

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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