Shares of PlayAGS Inc (NYSE:AGS – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.20.
A number of equities research analysts have issued reports on AGS shares. Stifel Nicolaus reduced their target price on shares of PlayAGS from $11.00 to $9.00 in a report on Monday, August 1st. Credit Suisse Group dropped their price objective on shares of PlayAGS from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday. B. Riley increased their price objective on shares of PlayAGS from $12.00 to $14.00 in a research report on Tuesday, August 9th. Truist Financial dropped their price objective on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Finally, TheStreet downgraded shares of PlayAGS from a “c-” rating to a “d” rating in a research report on Wednesday.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AGS. Emerald Advisers LLC grew its position in shares of PlayAGS by 41.6% in the 1st quarter. Emerald Advisers LLC now owns 248,318 shares of the company’s stock valued at $1,656,000 after buying an additional 72,931 shares during the last quarter. Calamos Advisors LLC purchased a new position in PlayAGS during the 1st quarter worth $1,324,000. Monarch Partners Asset Management LLC grew its position in PlayAGS by 12.1% during the 1st quarter. Monarch Partners Asset Management LLC now owns 389,727 shares of the company’s stock worth $2,599,000 after purchasing an additional 42,100 shares during the last quarter. M&T Bank Corp grew its position in PlayAGS by 9.1% during the 1st quarter. M&T Bank Corp now owns 67,278 shares of the company’s stock worth $449,000 after purchasing an additional 5,587 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in PlayAGS by 22.7% during the 1st quarter. Bank of New York Mellon Corp now owns 157,475 shares of the company’s stock worth $1,050,000 after purchasing an additional 29,120 shares during the last quarter. 88.94% of the stock is owned by hedge funds and other institutional investors.
PlayAGS Price Performance
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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