PlayAGS Inc (NYSE:AGS) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,187,900 shares, a growth of 88.9% from the May 30th total of 629,000 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average trading volume of 319,900 shares, the short-interest ratio is currently 3.7 days.
AGS has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Roth Capital increased their price target on shares of Dmc Global from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Deutsche Bank reissued a “buy” rating and issued a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. Finally, ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. PlayAGS currently has a consensus rating of “Buy” and an average price target of $33.00.
Shares of NYSE:AGS opened at $18.94 on Friday. The business has a fifty day moving average of $19.53. The company has a market cap of $680.24 million, a price-to-earnings ratio of -126.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.87. PlayAGS has a one year low of $17.49 and a one year high of $32.80. The company has a quick ratio of 1.36, a current ratio of 1.91 and a debt-to-equity ratio of 3.84.
In related news, CEO David Lopez sold 6,144 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $20.98, for a total transaction of $128,901.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of AGS. Quantitative Systematic Strategies LLC lifted its holdings in shares of PlayAGS by 71.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,284 shares of the company’s stock worth $336,000 after buying an additional 7,195 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of PlayAGS in the second quarter worth $3,974,000. LGT Capital Partners LTD. lifted its holdings in shares of PlayAGS by 64.8% in the second quarter. LGT Capital Partners LTD. now owns 103,000 shares of the company’s stock worth $2,003,000 after buying an additional 40,490 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of PlayAGS by 355.1% in the first quarter. Marshall Wace North America L.P. now owns 73,730 shares of the company’s stock worth $1,765,000 after buying an additional 57,530 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of PlayAGS in the first quarter worth $20,195,000. 98.09% of the stock is currently owned by hedge funds and other institutional investors.
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.