102,163 Shares in PlayAGS Inc (NYSE:AGS) Bought by Olympiad Research LP

Olympiad Research LP bought a new stake in shares of PlayAGS Inc (NYSE:AGS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 102,163 shares of the company’s stock, valued at approximately $1,164,000. PlayAGS accounts for about 0.8% of Olympiad Research LP’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds also recently added to or reduced their stakes in AGS. Vanguard Group Inc. boosted its position in PlayAGS by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock worth $19,440,000 after purchasing an additional 70,799 shares in the last quarter. Sei Investments Co. acquired a new position in shares of PlayAGS in the 1st quarter valued at $2,175,000. Hillsdale Investment Management Inc. purchased a new stake in PlayAGS during the first quarter worth $4,026,000. Water Island Capital LLC acquired a new stake in PlayAGS during the second quarter valued at $10,432,000. Finally, Wolverine Asset Management LLC purchased a new position in PlayAGS in the second quarter valued at $518,000. 77.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

PlayAGS Trading Down 0.2 %

Shares of AGS stock opened at $11.64 on Thursday. PlayAGS Inc has a 1-year low of $6.76 and a 1-year high of $11.75. The company has a market cap of $468.37 million, a price-to-earnings ratio of 105.82 and a beta of 2.35. 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 stock has a 50 day simple moving average of $11.47 and a 200-day simple moving average of $11.20.

PlayAGS (NYSE:AGS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.10). The company had revenue of $96.74 million during the quarter, compared to analysts’ expectations of $94.93 million. PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. On average, equities research analysts expect that PlayAGS Inc will post 0.41 EPS for the current fiscal year.

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.