Short Interest in PlayAGS Inc (NYSE:AGS) Rises By 24.1%

PlayAGS Inc (NYSE:AGSGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 1,700,000 shares, a growth of 24.1% from the April 15th total of 1,370,000 shares. Based on an average daily volume of 297,700 shares, the days-to-cover ratio is currently 5.7 days. Currently, 6.1% of the company’s stock are sold short.

A number of research firms have recently weighed in on AGS. Roth Capital began coverage on shares of PlayAGS in a report on Wednesday, April 27th. They set a “buy” rating on the stock. B. Riley lowered their target price on shares of PlayAGS from $21.00 to $18.00 in a research note on Friday, March 11th. Finally, Zacks Investment Research lowered shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Friday, March 11th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC lifted its holdings in shares of PlayAGS by 53.8% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,886 shares of the company’s stock worth $26,000 after acquiring an additional 1,359 shares during the period. Citigroup Inc. lifted its holdings in shares of PlayAGS by 350.8% during the 3rd quarter. Citigroup Inc. now owns 5,892 shares of the company’s stock worth $46,000 after acquiring an additional 4,585 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of PlayAGS by 521.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,192 shares of the company’s stock worth $49,000 after acquiring an additional 5,195 shares during the period. Lazard Asset Management LLC bought a new position in shares of PlayAGS during the 1st quarter worth about $56,000. Finally, Mackenzie Financial Corp bought a new position in PlayAGS during the 4th quarter valued at about $68,000. Institutional investors own 82.17% of the company’s stock.

NYSE AGS traded down $0.01 during midday trading on Wednesday, hitting $5.72. The company had a trading volume of 222,884 shares, compared to its average volume of 283,749. The company has a quick ratio of 2.84, a current ratio of 3.34 and a debt-to-equity ratio of 14.42. The stock has a market cap of $212.25 million, a price-to-earnings ratio of -7.64 and a beta of 2.81. The firm has a fifty day simple moving average of $6.43 and a two-hundred day simple moving average of $7.13. PlayAGS has a fifty-two week low of $4.99 and a fifty-two week high of $11.32.

PlayAGS (NYSE:AGSGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $72.86 million for the quarter, compared to analyst estimates of $70.27 million. PlayAGS had a negative net margin of 9.88% and a negative return on equity of 42.14%. During the same period last year, the business posted ($0.21) EPS. As a group, equities analysts predict that PlayAGS will post -0.38 earnings per share for the current year.

PlayAGS Company Profile (Get Rating)

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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