Emerald Advisers Inc. PA lessened its holdings in shares of PlayAGS Inc (NYSE:AGS) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886,768 shares of the company’s stock after selling 21,653 shares during the quarter. PlayAGS makes up about 1.0% of Emerald Advisers Inc. PA’s portfolio, making the stock its 28th biggest holding. Emerald Advisers Inc. PA’s holdings in PlayAGS were worth $26,133,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC acquired a new stake in PlayAGS during the 1st quarter worth $140,000. New York State Common Retirement Fund acquired a new stake in PlayAGS during the 1st quarter worth $140,000. Dorsey & Whitney Trust CO LLC acquired a new stake in PlayAGS during the 3rd quarter worth $217,000. The Manufacturers Life Insurance Company acquired a new stake in PlayAGS during the 1st quarter worth $188,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in PlayAGS during the 1st quarter worth $219,000.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of PlayAGS from a “sell” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, August 7th. Telsey Advisory Group assumed coverage on shares of PlayAGS in a research note on Thursday, August 23rd. They set an “outperform” rating and a $37.00 target price on the stock. Credit Suisse Group assumed coverage on shares of PlayAGS in a research note on Tuesday, August 14th. They set an “outperform” rating and a $35.00 target price on the stock. ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Deutsche Bank lifted their target price on shares of PlayAGS to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.88.
PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Thursday, August 2nd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $72.82 million for the quarter, compared to analysts’ expectations of $64.67 million. PlayAGS had a negative return on equity of 40.01% and a negative net margin of 10.91%. The firm’s revenue was up 45.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.87) EPS. Sell-side analysts expect that PlayAGS Inc will post -0.44 earnings per share for the current fiscal year.
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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