Engineers Gate Manager LP Invests $1.63 Million in PlayAGS Inc (AGS)

Engineers Gate Manager LP purchased a new stake in PlayAGS Inc (NYSE:AGS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,441 shares of the company’s stock, valued at approximately $1,634,000. Engineers Gate Manager LP owned 0.16% of PlayAGS at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC acquired a new stake in shares of PlayAGS in the third quarter valued at about $2,683,000. Emerald Mutual Fund Advisers Trust increased its position in shares of PlayAGS by 1.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 783,770 shares of the company’s stock valued at $23,098,000 after acquiring an additional 9,742 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PlayAGS by 34.6% in the third quarter. Russell Investments Group Ltd. now owns 726,741 shares of the company’s stock valued at $21,420,000 after acquiring an additional 186,715 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of PlayAGS in the third quarter valued at about $217,000. Finally, Northern Trust Corp increased its position in shares of PlayAGS by 59.0% in the second quarter. Northern Trust Corp now owns 191,239 shares of the company’s stock valued at $5,177,000 after acquiring an additional 70,987 shares during the last quarter.

PlayAGS stock opened at $24.00 on Friday. PlayAGS Inc has a 52 week low of $16.66 and a 52 week high of $32.80. The company has a debt-to-equity ratio of 3.55, a current ratio of 2.74 and a quick ratio of 2.01.

PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. PlayAGS had a negative return on equity of 40.01% and a negative net margin of 10.91%. The business had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $69.06 million. The business’s revenue was up 34.7% compared to the same quarter last year. On average, analysts expect that PlayAGS Inc will post -0.44 EPS for the current year.

A number of research firms recently issued reports on AGS. SunTrust Banks reaffirmed a “buy” rating and issued a $35.00 target price on shares of PlayAGS in a research report on Tuesday, October 2nd. ValuEngine raised PlayAGS from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Stifel Nicolaus lifted their target price on PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Telsey Advisory Group began coverage on PlayAGS in a research report on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Credit Suisse Group initiated coverage on PlayAGS in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.88.

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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.

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Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

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