Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in PlayAGS Inc (NYSE:AGS)


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Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PlayAGS Inc (NYSE:AGS) during the 4th quarter, Holdings Channel reports. The firm bought 250,300 shares of the company’s stock, valued at approximately $1,802,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in PlayAGS by 294.5% during the fourth quarter. Citigroup Inc. now owns 5,046 shares of the company’s stock valued at $36,000 after purchasing an additional 3,767 shares in the last quarter. Ellevest Inc. lifted its position in shares of PlayAGS by 3,714.0% in the fourth quarter. Ellevest Inc. now owns 8,734 shares of the company’s stock valued at $63,000 after acquiring an additional 8,505 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of PlayAGS in the third quarter valued at about $44,000. The Manufacturers Life Insurance Company purchased a new position in shares of PlayAGS in the fourth quarter valued at about $134,000. Finally, Trexquant Investment LP purchased a new position in shares of PlayAGS in the fourth quarter valued at about $155,000. Institutional investors own 79.36% of the company’s stock.

Shares of NYSE AGS opened at $7.87 on Tuesday. The business’s 50 day moving average is $8.25 and its two-hundred day moving average is $5.88. The company has a debt-to-equity ratio of 9.91, a current ratio of 4.83 and a quick ratio of 4.06. PlayAGS Inc has a 1-year low of $2.30 and a 1-year high of $10.39. The stock has a market capitalization of $286.76 million, a P/E ratio of -4.19 and a beta of 3.48.

PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Thursday, March 4th. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.09). PlayAGS had a negative return on equity of 67.28% and a negative net margin of 33.66%. The company had revenue of $46.62 million for the quarter, compared to the consensus estimate of $48.48 million. As a group, equities research analysts anticipate that PlayAGS Inc will post -2.23 earnings per share for the current fiscal year.

AGS has been the topic of several research analyst reports. Macquarie boosted their price objective on PlayAGS from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on PlayAGS from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, March 5th. Roth Capital boosted their price objective on PlayAGS from $8.50 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 16th. Zacks Investment Research raised PlayAGS from a “sell” rating to a “hold” rating in a report on Tuesday, March 9th. Finally, Credit Suisse Group raised PlayAGS from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $3.72 to $13.00 in a report on Thursday, March 18th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.66.

PlayAGS Company Profile

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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