PlayAGS Inc (NYSE:AGS) Director Adam Chibib Acquires 5,000 Shares

PlayAGS Inc (NYSE:AGS) Director Adam Chibib acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $8.90 per share, for a total transaction of $44,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AGS traded up $0.96 during trading hours on Monday, hitting $10.13. 1,521,100 shares of the company were exchanged, compared to its average volume of 431,631. The stock has a market capitalization of $294.52 million, a P/E ratio of -65.13, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. PlayAGS Inc has a fifty-two week low of $6.05 and a fifty-two week high of $32.80. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 4.00. The business’s fifty day simple moving average is $19.10.

PlayAGS (NYSE:AGS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.23). PlayAGS had a negative return on equity of 0.72% and a negative net margin of 4.62%. The business had revenue of $74.51 million for the quarter, compared to the consensus estimate of $83.00 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. PlayAGS’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that PlayAGS Inc will post 0.14 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Optimum Investment Advisors bought a new position in PlayAGS in the first quarter valued at about $36,000. Legal & General Group Plc raised its position in shares of PlayAGS by 20.6% during the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock worth $103,000 after acquiring an additional 764 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of PlayAGS during the first quarter worth about $109,000. NumerixS Investment Technologies Inc bought a new position in shares of PlayAGS during the first quarter worth about $128,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of PlayAGS by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,237 shares of the company’s stock worth $166,000 after acquiring an additional 5,652 shares during the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.

Several analysts have recently issued reports on the company. Deutsche Bank lowered PlayAGS from a “buy” rating to a “hold” rating and reduced their target price for the stock from $31.00 to $18.00 in a report on Thursday. Bank of America lowered PlayAGS from a “buy” rating to an “underperform” rating in a report on Thursday. SunTrust Banks reduced their target price on PlayAGS to $20.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reissued a “buy” rating on shares of PlayAGS in a report on Thursday. Finally, Union Gaming Research lowered PlayAGS from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.75.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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