Mackenzie Financial Corp Buys 2,023 Shares of PlayAGS Inc (NYSE:AGS)

Mackenzie Financial Corp raised its stake in PlayAGS Inc (NYSE:AGS) by 19.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,593 shares of the company’s stock after acquiring an additional 2,023 shares during the period. Mackenzie Financial Corp’s holdings in PlayAGS were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new position in shares of PlayAGS during the third quarter valued at about $76,000. Jump Financial LLC bought a new position in PlayAGS during the third quarter valued at about $86,000. Quantbot Technologies LP raised its holdings in PlayAGS by 254.0% in the 3rd quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock valued at $87,000 after acquiring an additional 9,521 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of PlayAGS by 41.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock worth $164,000 after acquiring an additional 7,335 shares during the period. Finally, Meredith Wealth Planning acquired a new stake in shares of PlayAGS during the 4th quarter worth approximately $362,000. 77.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

PlayAGS Price Performance

Shares of AGS stock opened at $8.90 on Tuesday. The stock’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $8.27. PlayAGS Inc has a one year low of $4.53 and a one year high of $10.14. The firm has a market cap of $349.06 million, a price-to-earnings ratio of 890.89 and a beta of 2.40. The company has a debt-to-equity ratio of 8.09, a current ratio of 3.48 and a quick ratio of 2.72.

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.