ArrowMark Colorado Holdings LLC Cuts Stake in PlayAGS Inc (NYSE:AGS)

ArrowMark Colorado Holdings LLC decreased its stake in PlayAGS Inc (NYSE:AGS) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,467,213 shares of the company’s stock after selling 19,723 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 6.03% of PlayAGS worth $28,102,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AGS. Emerald Advisers LLC boosted its holdings in PlayAGS by 193.4% in the 3rd quarter. Emerald Advisers LLC now owns 6,623 shares of the company’s stock worth $75,000 after acquiring an additional 4,366 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of PlayAGS during the first quarter worth $96,000. SG Americas Securities LLC purchased a new position in shares of PlayAGS in the third quarter valued at $150,000. Harbor Capital Advisors Inc. grew its holdings in PlayAGS by 65.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock valued at $172,000 after purchasing an additional 5,906 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in PlayAGS by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company’s stock worth $178,000 after buying an additional 1,973 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “neutral” rating and set a $12.50 target price (down from $16.00) on shares of PlayAGS in a research note on Monday, August 5th.

PlayAGS Stock Performance

Shares of AGS stock opened at $11.62 on Monday. The stock has a market capitalization of $475.61 million, a price-to-earnings ratio of 68.35 and a beta of 2.35. PlayAGS Inc has a one year low of $7.43 and a one year high of $11.75. The company’s 50-day simple moving average is $11.59 and its 200-day simple moving average is $11.48. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35.

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.