Teton Advisors Inc. Reduces Position in PlayAGS Inc (NYSE:AGS)

Teton Advisors Inc. lessened its stake in shares of PlayAGS Inc (NYSE:AGS) by 18.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,300 shares of the company’s stock after selling 42,700 shares during the period. Teton Advisors Inc. owned about 0.50% of PlayAGS worth $1,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Panagora Asset Management Inc. bought a new position in PlayAGS in the third quarter worth approximately $76,000. Jump Financial LLC bought a new position in PlayAGS in the third quarter worth approximately $86,000. Quantbot Technologies LP raised its stake in PlayAGS by 254.0% in the third quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock worth $87,000 after buying an additional 9,521 shares in the last quarter. Mackenzie Financial Corp raised its stake in PlayAGS by 19.1% in the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock worth $106,000 after buying an additional 2,023 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in PlayAGS by 41.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock worth $164,000 after buying an additional 7,335 shares in the last quarter. Institutional investors own 77.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AGS shares. B. Riley started coverage on PlayAGS in a research report on Friday, April 5th. They set a “buy” rating and a $16.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $13.00 price target on shares of PlayAGS in a research report on Monday, April 1st. Finally, Truist Financial upped their price target on PlayAGS from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $12.20.

PlayAGS Stock Performance

Shares of AGS traded down $0.04 during trading hours on Tuesday, reaching $8.86. 185,630 shares of the company traded hands, compared to its average volume of 289,097. The stock has a market capitalization of $347.49 million, a P/E ratio of 890.89 and a beta of 2.40. The company has a quick ratio of 2.72, a current ratio of 3.48 and a debt-to-equity ratio of 8.09. PlayAGS Inc has a 12-month low of $4.53 and a 12-month high of $10.14. The business has a fifty day moving average price of $8.97 and a 200-day moving average price of $8.29.

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.