Olympiad Research LP Makes New $1.16 Million Investment in PlayAGS Inc (NYSE:AGS)

Olympiad Research LP purchased a new position in PlayAGS Inc (NYSE:AGS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,163 shares of the company's stock, valued at approximately $1,164,000. PlayAGS comprises approximately 0.8% of Olympiad Research LP's holdings, making the stock its 24th largest position. Olympiad Research LP owned 0.26% of PlayAGS at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in PlayAGS by 3.1% during the first quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company's stock valued at $454,000 after acquiring an additional 1,497 shares during the period. Harbor Capital Advisors Inc. increased its position in PlayAGS by 12.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,781 shares of the company's stock worth $191,000 after purchasing an additional 1,792 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 during the period. Kennedy Capital Management LLC lifted its position in PlayAGS by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company's stock valued at $555,000 after buying an additional 2,198 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in PlayAGS by 5.7% during the second quarter. American Century Companies Inc. now owns 52,902 shares of the company's stock worth $608,000 after buying an additional 2,838 shares during the period. Hedge funds and other institutional investors own 77.44% of the company's stock.

PlayAGS Price Performance

PlayAGS stock remained flat at $11.64 during midday trading on Thursday. The company had a trading volume of 180,597 shares, compared to its average volume of 354,932. The company has a market cap of $468.37 million, a P/E ratio of 105.82 and a beta of 2.35. PlayAGS Inc has a 12-month low of $6.76 and a 12-month high of $11.75. The stock has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $11.20. The company has a current ratio of 3.06, a quick ratio of 2.43 and a debt-to-equity ratio of 7.65.

PlayAGS (NYSE:AGS - Get Free Report) last announced its 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). PlayAGS had a net margin of 1.25% and a return on equity of 6.89%. The business had revenue of $96.74 million for the quarter, compared to analyst estimates of $94.93 million. On average, analysts expect that PlayAGS Inc will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a "neutral" rating and set a $12.50 target price (down previously 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.