Olympiad Research LP Buys Shares of 102,163 PlayAGS Inc (NYSE:AGS)

Olympiad Research LP bought a new stake in shares of PlayAGS Inc (NYSE:AGS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 102,163 shares of the company’s stock, valued at approximately $1,164,000. PlayAGS makes up approximately 0.8% of Olympiad Research LP’s investment portfolio, making the stock its 24th largest position. Olympiad Research LP owned about 0.26% of PlayAGS as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AGS. Alpine Associates Management Inc. purchased a new stake in shares of PlayAGS during the 2nd quarter worth $17,605,000. Water Island Capital LLC purchased a new stake in shares of PlayAGS during the 2nd quarter worth $10,432,000. Boston Partners raised its stake in PlayAGS by 214.2% in the first quarter. Boston Partners now owns 827,069 shares of the company’s stock valued at $7,426,000 after buying an additional 563,843 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in PlayAGS in the first quarter valued at about $4,026,000. Finally, Hsbc Holdings PLC raised its stake in PlayAGS by 1,442.2% in the second quarter. Hsbc Holdings PLC now owns 474,818 shares of the company’s stock valued at $5,408,000 after buying an additional 444,030 shares during the last quarter. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

PlayAGS Trading Down 0.2 %

PlayAGS stock opened at $11.64 on Thursday. The stock has a 50-day moving average of $11.47 and a two-hundred day moving average of $11.20. The company has a debt-to-equity ratio of 7.65, a quick ratio of 2.43 and a current ratio of 3.06. PlayAGS Inc has a one year low of $6.76 and a one year high of $11.75. The stock has a market cap of $468.37 million, a PE ratio of 105.82 and a beta of 2.35.

PlayAGS (NYSE:AGS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The business had revenue of $96.74 million during the quarter, compared to analysts’ expectations of $94.93 million. On average, research analysts anticipate that PlayAGS Inc will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reiterated a “neutral” rating and issued a $12.50 price target (down from $16.00) on shares of PlayAGS in a research note on Monday, August 5th.

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.