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PlayAGS Inc (NYSE:AGS) Short Interest Update

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PlayAGS Inc (NYSE:AGSGet Rating) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 921,500 shares, a decrease of 8.8% from the August 31st total of 1,010,000 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 364,400 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AGS shares. TheStreet raised shares of PlayAGS from a “d+” rating to a “c-” rating in a research report on Monday, September 12th. Truist Financial reduced their price target on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PlayAGS from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, July 14th. B. Riley increased their price target on shares of PlayAGS from $12.00 to $14.00 in a research report on Tuesday, August 9th. Finally, Stifel Nicolaus dropped their price objective on PlayAGS from $11.00 to $9.00 in a report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.50.

PlayAGS Stock Performance

AGS stock traded down $0.03 during midday trading on Friday, hitting $5.30. 278,032 shares of the company traded hands, compared to its average volume of 283,823. PlayAGS has a twelve month low of $4.21 and a twelve month high of $10.45. The company has a quick ratio of 1.67, a current ratio of 2.26 and a debt-to-equity ratio of 15.09. The business has a 50 day simple moving average of $6.38 and a 200-day simple moving average of $6.02. The stock has a market capitalization of $197.00 million, a price-to-earnings ratio of -8.83 and a beta of 2.31.

PlayAGS (NYSE:AGSGet Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. PlayAGS had a negative return on equity of 33.94% and a negative net margin of 7.66%. The company had revenue of $76.58 million for the quarter, compared to the consensus estimate of $74.35 million. As a group, equities research analysts predict that PlayAGS will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On PlayAGS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of PlayAGS by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 197,424 shares of the company’s stock valued at $1,340,000 after acquiring an additional 25,238 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of PlayAGS by 466.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 35,074 shares of the company’s stock valued at $238,000 after acquiring an additional 28,882 shares during the period. PDT Partners LLC boosted its position in shares of PlayAGS by 22.3% in the fourth quarter. PDT Partners LLC now owns 43,348 shares of the company’s stock valued at $294,000 after acquiring an additional 7,898 shares during the period. CastleKnight Management LP bought a new stake in shares of PlayAGS in the fourth quarter valued at approximately $928,000. Finally, Counterpoint Mutual Funds LLC boosted its position in shares of PlayAGS by 222.7% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,541 shares of the company’s stock valued at $84,000 after acquiring an additional 8,655 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.

About PlayAGS

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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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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