Bank of Montreal Can Makes New $2.65 Million Investment in PlayAGS Inc (NYSE:AGS)

Bank of Montreal Can acquired a new position in shares of PlayAGS Inc (NYSE:AGS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 229,664 shares of the company's stock, valued at approximately $2,650,000. Bank of Montreal Can owned 0.58% of PlayAGS as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AGS. Price T Rowe Associates Inc. MD acquired a new stake in PlayAGS during the first quarter worth approximately $96,000. Harbor Capital Advisors Inc. grew its holdings in shares of PlayAGS by 65.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company's stock worth $172,000 after purchasing an additional 5,906 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of PlayAGS in the second quarter worth $181,000. BNP Paribas Financial Markets raised its stake in PlayAGS by 3.1% in the first quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company's stock valued at $454,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in PlayAGS during the second quarter worth about $518,000. Institutional investors and hedge funds own 77.44% of the company's stock.

PlayAGS Price Performance

Shares of AGS traded up $0.05 during midday trading on Friday, hitting $11.55. The company's stock had a trading volume of 104,827 shares, compared to its average volume of 375,788. The company has a quick ratio of 2.43, a current ratio of 3.06 and a debt-to-equity ratio of 7.65. PlayAGS Inc has a one year low of $6.27 and a one year high of $11.75. The stock has a market capitalization of $455.71 million, a price-to-earnings ratio of 95.83 and a beta of 2.36. The company's fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $10.74.

PlayAGS (NYSE:AGS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.10). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The business had revenue of $96.74 million during the quarter, compared to analyst estimates of $94.93 million. As a group, equities analysts expect that PlayAGS Inc will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.