Trexquant Investment LP Acquires New Stake in PlayAGS Inc (AGS)

Trexquant Investment LP acquired a new stake in shares of PlayAGS Inc (NYSE:AGS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,234 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC purchased a new stake in PlayAGS during the third quarter valued at approximately $217,000. Oppenheimer Asset Management Inc. purchased a new stake in PlayAGS during the second quarter valued at approximately $284,000. Alliancebernstein L.P. raised its position in PlayAGS by 35.0% during the third quarter. Alliancebernstein L.P. now owns 10,800 shares of the company’s stock valued at $318,000 after purchasing an additional 2,800 shares during the period. Millennium Management LLC purchased a new stake in PlayAGS during the first quarter valued at approximately $371,000. Finally, Rhumbline Advisers purchased a new stake in PlayAGS during the second quarter valued at approximately $387,000.

A number of equities research analysts have issued reports on AGS shares. SunTrust Banks restated a “buy” rating and set a $35.00 price objective on shares of PlayAGS in a research report on Sunday, August 12th. Jefferies Financial Group restated a “buy” rating and set a $34.00 price objective on shares of PlayAGS in a research report on Tuesday, November 13th. ValuEngine downgraded PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Stifel Nicolaus upped their price objective on PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Credit Suisse Group initiated coverage on PlayAGS in a research note on Tuesday, August 14th. They set an “outperform” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.38.

AGS opened at $23.34 on Friday. The company has a market cap of $839.92 million and a PE ratio of -12.03. PlayAGS Inc has a one year low of $16.66 and a one year high of $32.80. The company has a current ratio of 2.94, a quick ratio of 2.16 and a debt-to-equity ratio of 3.37.

PlayAGS (NYSE:AGS) last released its earnings results on Thursday, November 8th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. PlayAGS had a negative return on equity of 10.81% and a negative net margin of 7.02%. The business’s quarterly revenue was up 34.7% on a year-over-year basis. As a group, equities research analysts predict that PlayAGS Inc will post -0.41 earnings per share for the current year.

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PlayAGS 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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