PlayAGS Inc (NYSE:AGS) Short Interest Update

PlayAGS Inc (NYSE:AGS - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 145,700 shares, a decrease of 57.6% from the September 15th total of 343,500 shares. Based on an average daily volume of 242,600 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, B. Riley reissued a "neutral" rating and set a $12.50 price target (down from $16.00) on shares of PlayAGS in a research report on Monday, August 5th.

PlayAGS Stock Performance

PlayAGS stock traded up $0.01 during mid-day trading on Friday, hitting $11.62. 108,089 shares of the company's stock traded hands, compared to its average volume of 371,298. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43. The firm has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $10.86. PlayAGS has a fifty-two week low of $6.70 and a fifty-two week high of $11.75. The stock has a market cap of $467.59 million, a price-to-earnings ratio of 105.65 and a beta of 2.36.

PlayAGS (NYSE:AGS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.10). PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. The firm had revenue of $96.74 million for the quarter, compared to analyst estimates of $94.93 million. On average, research analysts expect that PlayAGS will post 0.43 EPS for the current fiscal year.

Institutional Trading of PlayAGS

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of PlayAGS during the 3rd quarter worth approximately $150,000. Water Island Capital LLC acquired a new stake in PlayAGS in the second quarter valued at approximately $10,432,000. The Manufacturers Life Insurance Company boosted its position in PlayAGS by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company's stock valued at $178,000 after buying an additional 1,973 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in PlayAGS by 360.6% in the second quarter. Cubist Systematic Strategies LLC now owns 183,020 shares of the company's stock valued at $2,105,000 after buying an additional 143,286 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in PlayAGS in the second quarter valued at approximately $438,000. Institutional investors and hedge funds own 77.44% of the company's stock.

PlayAGS Company 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.