PlayAGS (NYSE:AGS) Lowered to “Hold” at Stifel Nicolaus

Stifel Nicolaus cut shares of PlayAGS (NYSE:AGS) from a buy rating to a hold rating in a research note released on Thursday morning, MarketBeat reports. The firm currently has $12.50 price objective on the stock, up from their prior price objective of $12.00.

A number of other analysts have also issued reports on AGS. JMP Securities restated a market outperform rating and set a $13.00 target price on shares of PlayAGS in a research report on Monday, April 1st. B. Riley assumed coverage on shares of PlayAGS in a research report on Friday, April 5th. They set a buy rating and a $16.00 target price on the stock. Finally, Truist Financial restated a hold rating and set a $12.50 target price (down previously from $13.00) on shares of PlayAGS in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PlayAGS currently has a consensus rating of Moderate Buy and a consensus target price of $13.50.

PlayAGS Stock Down 0.4 %

AGS stock opened at $11.53 on Thursday. PlayAGS has a 12 month low of $5.10 and a 12 month high of $11.71. The company’s 50 day simple moving average is $9.48 and its 200-day simple moving average is $8.69. The firm has a market capitalization of $454.97 million, a PE ratio of 1,154.15 and a beta of 2.38. The company has a debt-to-equity ratio of 7.30, a current ratio of 3.38 and a quick ratio of 2.60.

Hedge Funds Weigh In On PlayAGS

A number of hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC boosted its holdings in shares of PlayAGS by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock valued at $382,000 after purchasing an additional 1,375 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of PlayAGS by 3.1% in the 1st quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company’s stock valued at $454,000 after purchasing an additional 1,497 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of PlayAGS by 19.1% in the 4th quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock valued at $106,000 after purchasing an additional 2,023 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of PlayAGS by 41.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock valued at $164,000 after purchasing an additional 7,335 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of PlayAGS by 254.0% in the 3rd quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock valued at $87,000 after purchasing an additional 9,521 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

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.