PlayAGS Inc (NYSE:AGS) Short Interest Update

PlayAGS Inc (NYSE:AGS) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 684,000 shares, an increase of 369.5% from the September 30th total of 145,700 shares. Based on an average daily volume of 230,000 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On PlayAGS

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in shares of PlayAGS during the 1st quarter worth approximately $96,000. SG Americas Securities LLC purchased a new stake in shares of PlayAGS during the 3rd quarter worth approximately $150,000. Harbor Capital Advisors Inc. lifted its position in shares of PlayAGS by 65.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock worth $172,000 after buying an additional 5,906 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of 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 last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of PlayAGS during the 2nd quarter worth approximately $181,000. 77.44% of the stock is currently owned by institutional investors and hedge funds.

PlayAGS Trading Down 0.3 %

Shares of AGS traded down $0.03 during trading on Friday, reaching $11.58. 423,645 shares of the company traded hands, compared to its average volume of 362,791. PlayAGS has a twelve month low of $6.76 and a twelve month high of $11.75. The stock has a market cap of $456.89 million, a PE ratio of 96.50 and a beta of 2.36. The stock has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.05. The company has a quick ratio of 2.43, a current ratio of 3.06 and a debt-to-equity ratio of 7.65.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The company had revenue of $96.74 million for the quarter, compared to analyst estimates of $94.93 million. On average, analysts anticipate that PlayAGS will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.