Millennium Management LLC Decreases Stock Position in PlayAGS Inc (NYSE:AGS)

Millennium Management LLC lessened its stake in PlayAGS Inc (NYSE:AGS - Free Report) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,415,760 shares of the company's stock after selling 64,735 shares during the quarter. Millennium Management LLC owned approximately 3.59% of PlayAGS worth $16,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AGS. Price T Rowe Associates Inc. MD purchased a new stake in shares of PlayAGS during the 1st quarter worth approximately $96,000. Harbor Capital Advisors Inc. raised its position in PlayAGS by 65.0% during the second quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company's stock valued at $172,000 after purchasing an additional 5,906 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of PlayAGS in the 2nd quarter valued at approximately $181,000. K2 Principal Fund L.P. purchased a new position in shares of PlayAGS in the 2nd quarter worth approximately $438,000. Finally, BNP Paribas Financial Markets raised its holdings in PlayAGS by 3.1% during the 1st quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company's stock valued at $454,000 after buying an additional 1,497 shares during the period. 77.44% of the stock is owned by hedge funds and other institutional investors.

PlayAGS Trading Up 0.4 %

AGS traded up $0.05 during trading hours on Friday, reaching $11.55. 104,827 shares of the company's stock traded hands, compared to its average volume of 375,788. PlayAGS Inc has a 52-week low of $6.27 and a 52-week high of $11.75. The firm has a market capitalization of $455.71 million, a PE ratio of 96.25 and a beta of 2.36. The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $10.77. 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 (NYSE:AGS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.10). The firm had revenue of $96.74 million during the quarter, compared to analysts' expectations of $94.93 million. PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. As a group, sell-side analysts predict that PlayAGS Inc will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reiterated a "neutral" rating and set a $12.50 price objective (down previously from $16.00) on shares of PlayAGS in a research 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.