Federated Hermes Inc. Raises Stake in PlayAGS Inc (NYSE:AGS)

Federated Hermes Inc. lifted its position in shares of PlayAGS Inc (NYSE:AGS) by 119.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 366,870 shares of the company’s stock after buying an additional 200,052 shares during the quarter. Federated Hermes Inc.’s holdings in PlayAGS were worth $3,093,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Ancora Advisors LLC boosted its position in shares of PlayAGS by 12.9% in the third quarter. Ancora Advisors LLC now owns 679,265 shares of the company’s stock worth $4,429,000 after acquiring an additional 77,790 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of PlayAGS by 33.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 607,412 shares of the company’s stock worth $3,960,000 after acquiring an additional 151,794 shares during the last quarter. SG Capital Management LLC boosted its position in shares of PlayAGS by 75.4% in the third quarter. SG Capital Management LLC now owns 586,351 shares of the company’s stock worth $3,823,000 after acquiring an additional 251,980 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of PlayAGS by 1,708.2% in the third quarter. Los Angeles Capital Management LLC now owns 291,699 shares of the company’s stock worth $1,902,000 after acquiring an additional 275,567 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its position in PlayAGS by 244.9% during the third quarter. Prescott Group Capital Management L.L.C. now owns 262,100 shares of the company’s stock valued at $1,709,000 after buying an additional 186,100 shares in the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.

PlayAGS Trading Up 5.1 %

NYSE AGS opened at $8.91 on Friday. The company’s fifty day simple moving average is $8.97 and its 200-day simple moving average is $8.25. PlayAGS Inc has a 52 week low of $4.53 and a 52 week high of $10.14. The company has a current ratio of 3.48, a quick ratio of 2.72 and a debt-to-equity ratio of 8.09. The stock has a market cap of $349.45 million, a P/E ratio of 891.89 and a beta of 2.40.

Analysts Set New Price Targets

AGS has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of PlayAGS from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. B. Riley initiated coverage on shares of PlayAGS in a research report on Friday, April 5th. They set a “buy” rating and a $16.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $13.00 price target on shares of PlayAGS in a research report on Monday, April 1st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PlayAGS presently has an average rating of “Buy” and a consensus price target of $12.20.

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.