Napatree Capital LLC Invests $707,000 in PlayAGS Inc (NYSE:AGS)

Napatree Capital LLC acquired a new stake in shares of PlayAGS Inc (NYSE:AGS) in the fourth quarter, HoldingsChannel reports. The firm acquired 83,841 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds also recently bought and sold shares of AGS. Federated Hermes Inc. boosted its stake in shares of PlayAGS by 468.7% during the third quarter. Federated Hermes Inc. now owns 166,818 shares of the company’s stock valued at $1,088,000 after purchasing an additional 137,483 shares during the period. Kennedy Capital Management LLC lifted its holdings in PlayAGS by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock valued at $382,000 after buying an additional 1,375 shares in the last quarter. SG Capital Management LLC boosted its position in PlayAGS by 75.4% in the 3rd quarter. SG Capital Management LLC now owns 586,351 shares of the company’s stock valued at $3,823,000 after buying an additional 251,980 shares during the period. Panagora Asset Management Inc. grew its stake in PlayAGS by 623.4% in the 4th quarter. Panagora Asset Management Inc. now owns 84,790 shares of the company’s stock worth $715,000 after acquiring an additional 73,069 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of PlayAGS by 114.2% during the fourth quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock worth $239,000 after acquiring an additional 15,082 shares during the period. Institutional investors own 77.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered PlayAGS from a “buy” rating to a “hold” rating and boosted their price target for the company from $12.00 to $12.50 in a report on Thursday, May 23rd. JMP Securities reiterated a “market outperform” rating and issued a $13.00 target price on shares of PlayAGS in a report on Monday, April 1st. B. Riley began coverage on PlayAGS in a research note on Friday, April 5th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Truist Financial reaffirmed a “hold” rating and issued a $12.50 price objective (down from $13.00) on shares of PlayAGS in a research note on Monday, May 13th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

PlayAGS Trading Down 0.3 %

Shares of NYSE:AGS opened at $11.50 on Tuesday. The company has a market capitalization of $453.79 million, a PE ratio of 96.25 and a beta of 2.41. The company has a current ratio of 3.38, a quick ratio of 2.60 and a debt-to-equity ratio of 7.30. PlayAGS Inc has a 12-month low of $5.10 and a 12-month high of $11.75. The business’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $9.17.

About PlayAGS

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.