PlayAGS Inc (NYSE:AGS) Short Interest Update

PlayAGS Inc (NYSE:AGS) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 684,000 shares, an increase of 369.5% from the September 30th total of 145,700 shares. Based on an average trading volume of 230,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Alpine Associates Management Inc. bought a new position in shares of PlayAGS in the second quarter worth approximately $17,605,000. Water Island Capital LLC bought a new position in shares of PlayAGS in the 2nd quarter worth $10,432,000. Boston Partners raised its position in shares of PlayAGS by 214.2% during the 1st quarter. Boston Partners now owns 827,069 shares of the company’s stock valued at $7,426,000 after buying an additional 563,843 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of PlayAGS during the 1st quarter worth $4,026,000. Finally, Hsbc Holdings PLC grew its position in PlayAGS by 1,442.2% in the second quarter. Hsbc Holdings PLC now owns 474,818 shares of the company’s stock worth $5,408,000 after acquiring an additional 444,030 shares in the last quarter. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

PlayAGS Stock Performance

Shares of PlayAGS stock traded down $0.03 during trading hours on Friday, reaching $11.58. The company had a trading volume of 423,645 shares, compared to its average volume of 362,791. The firm has a market cap of $456.89 million, a PE ratio of 96.50 and a beta of 2.36. PlayAGS has a one year low of $6.76 and a one year high of $11.75. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43. The business has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $11.04.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.10). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The company had revenue of $96.74 million for the quarter, compared to the consensus estimate of $94.93 million. On average, analysts anticipate that PlayAGS will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.