Semanteon Capital Management LP Makes New $203,000 Investment in PlayAGS Inc (NYSE:AGS)

Semanteon Capital Management LP purchased a new position in PlayAGS Inc (NYSE:AGS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 24,023 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its holdings in PlayAGS by 2.4% in the third quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock worth $382,000 after acquiring an additional 1,375 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of PlayAGS by 19.1% in the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock worth $106,000 after purchasing an additional 2,023 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of PlayAGS by 41.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock worth $164,000 after purchasing an additional 7,335 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of PlayAGS by 254.0% in the third quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock worth $87,000 after purchasing an additional 9,521 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of PlayAGS in the third quarter worth approximately $76,000. Institutional investors own 77.44% of the company’s stock.

PlayAGS Price Performance

PlayAGS stock opened at $8.91 on Friday. PlayAGS Inc has a one year low of $4.53 and a one year high of $10.14. The business has a fifty day moving average price of $8.98 and a 200-day moving average price of $8.23. The company has a debt-to-equity ratio of 8.09, a current ratio of 3.48 and a quick ratio of 2.72. The firm has a market capitalization of $349.45 million, a P/E ratio of 891.89 and a beta of 2.40.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $13.00 price target on shares of PlayAGS in a research report on Monday, April 1st. B. Riley began coverage on PlayAGS in a report on Friday, April 5th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Truist Financial increased their price objective on PlayAGS from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PlayAGS currently has a consensus rating of “Buy” and an average price target of $12.20.

PlayAGS Company 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.