Emerald Mutual Fund Advisers Trust Trims Stock Position in PlayAGS Inc (NYSE:AGS)

Emerald Mutual Fund Advisers Trust reduced its stake in PlayAGS Inc (NYSE:AGS - Free Report) by 86.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,056 shares of the company's stock after selling 611,679 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.25% of PlayAGS worth $1,117,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AGS. SG Americas Securities LLC bought a new position in shares of PlayAGS in the third quarter worth $150,000. Water Island Capital LLC bought a new position in PlayAGS in the second quarter valued at $10,432,000. The Manufacturers Life Insurance Company lifted its position in PlayAGS by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company's stock worth $178,000 after buying an additional 1,973 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of PlayAGS by 360.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 183,020 shares of the company's stock valued at $2,105,000 after purchasing an additional 143,286 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in PlayAGS during the second quarter valued at about $438,000. 77.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

PlayAGS Price Performance

NYSE AGS traded down $0.02 during trading on Monday, hitting $11.65. 135,251 shares of the stock traded hands, compared to its average volume of 357,027. PlayAGS Inc has a 12-month low of $6.76 and a 12-month high of $11.75. The company has a market capitalization of $468.80 million, a P/E ratio of 105.83 and a beta of 2.35. The firm has a 50-day simple moving average of $11.45 and a 200-day simple moving average of $11.15. 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 released its quarterly earnings results 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). The company had revenue of $96.74 million for 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, analysts predict that PlayAGS Inc will post 0.41 EPS for the current year.

PlayAGS 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.