California Public Employees Retirement System Invests $133,000 in PlayAGS Inc (NYSE:AGS)

California Public Employees Retirement System bought a new position in PlayAGS Inc (NYSE:AGS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,911 shares of the company’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGS. Quadrant Capital Group LLC acquired a new position in PlayAGS during the third quarter worth approximately $27,000. We Are One Seven LLC acquired a new position in shares of PlayAGS in the 3rd quarter valued at $141,000. Envestnet Asset Management Inc. acquired a new position in shares of PlayAGS in the 3rd quarter valued at $213,000. Dupont Capital Management Corp purchased a new stake in shares of PlayAGS during the 2nd quarter valued at $326,000. Finally, Jefferies Group LLC purchased a new stake in shares of PlayAGS during the 2nd quarter valued at $391,000. 99.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE AGS opened at $10.71 on Friday. PlayAGS Inc has a one year low of $6.05 and a one year high of $27.85. The company’s 50 day moving average price is $11.58 and its 200 day moving average price is $14.31. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.41 and a current ratio of 1.92. The firm has a market capitalization of $379.58 million, a price-to-earnings ratio of -71.40 and a beta of 1.18.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). PlayAGS had a negative net margin of 7.87% and a negative return on equity of 8.15%. The business had revenue of $79.38 million for the quarter, compared to analyst estimates of $78.36 million. During the same period last year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that PlayAGS Inc will post -0.17 EPS for the current fiscal year.

In other news, insider (Tony) Lethlean Anthony sold 881,252 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $0.14, for a total value of $123,375.28. 2.40% of the stock is owned by corporate insiders.

AGS has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on PlayAGS from $24.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Zacks Investment Research cut PlayAGS from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.14.

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.

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Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

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