EntryPoint Capital LLC Sells 3,267 Shares of PlayAGS Inc (NYSE:AGS)

EntryPoint Capital LLC decreased its stake in PlayAGS Inc (NYSE:AGS) by 27.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,496 shares of the company’s stock after selling 3,267 shares during the period. EntryPoint Capital LLC’s holdings in PlayAGS were worth $76,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meredith Wealth Planning acquired a new stake in PlayAGS in the 4th quarter worth $362,000. Mackenzie Financial Corp lifted its stake in shares of PlayAGS by 19.1% in the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock valued at $106,000 after buying an additional 2,023 shares during the period. Federated Hermes Inc. grew its position in PlayAGS by 119.9% during the fourth quarter. Federated Hermes Inc. now owns 366,870 shares of the company’s stock worth $3,093,000 after buying an additional 200,052 shares in the last quarter. Semanteon Capital Management LP bought a new position in PlayAGS during the fourth quarter valued at about $203,000. Finally, M&T Bank Corp raised its holdings in PlayAGS by 9.8% in the 4th quarter. M&T Bank Corp now owns 212,320 shares of the company’s stock valued at $1,790,000 after acquiring an additional 19,034 shares in the last quarter. Institutional investors own 77.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AGS. Truist Financial reissued a “hold” rating and set a $12.50 price objective (down previously from $13.00) on shares of PlayAGS in a report on Monday, May 13th. B. Riley initiated coverage on shares of PlayAGS in a research note on Friday, April 5th. They issued a “buy” rating and a $16.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $13.00 target price on shares of PlayAGS in a research report on Monday, April 1st. Finally, Stifel Nicolaus cut shares of PlayAGS from a “buy” rating to a “hold” rating and upped their target price for the company from $12.00 to $12.50 in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.50.

PlayAGS Stock Performance

Shares of NYSE:AGS opened at $11.43 on Friday. The company has a debt-to-equity ratio of 7.30, a current ratio of 3.38 and a quick ratio of 2.60. The business’s fifty day moving average price is $11.49 and its two-hundred day moving average price is $9.84. The stock has a market capitalization of $451.03 million, a price-to-earnings ratio of 95.42 and a beta of 2.45. PlayAGS Inc has a fifty-two week low of $6.27 and a fifty-two week high of $11.75.

PlayAGS (NYSE:AGS) last posted its earnings results on Thursday, May 9th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. PlayAGS had a return on equity of 7.71% and a net margin of 1.38%. The business had revenue of $95.97 million for the quarter, compared to analyst estimates of $88.18 million. As a group, analysts predict that PlayAGS Inc will post 0.53 EPS for the current fiscal year.

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.