PlayAGS Inc (NYSE:AGS) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. reduced its stake in shares of PlayAGS Inc (NYSE:AGS) by 18.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 194,300 shares of the company’s stock after selling 42,700 shares during the quarter. Teton Advisors Inc.’s holdings in PlayAGS were worth $1,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Contrarian Capital Management L.L.C. raised its stake in PlayAGS by 18.1% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 102,000 shares of the company’s stock worth $860,000 after acquiring an additional 15,600 shares in the last quarter. Panagora Asset Management Inc. raised its stake in PlayAGS by 623.4% during the 4th quarter. Panagora Asset Management Inc. now owns 84,790 shares of the company’s stock worth $715,000 after acquiring an additional 73,069 shares in the last quarter. Boston Partners raised its stake in PlayAGS by 95.3% during the 4th quarter. Boston Partners now owns 263,226 shares of the company’s stock worth $2,219,000 after acquiring an additional 128,438 shares in the last quarter. Jump Financial LLC increased its stake in PlayAGS by 114.2% in the fourth quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock valued at $239,000 after purchasing an additional 15,082 shares during the period. Finally, M&T Bank Corp increased its stake in PlayAGS by 9.8% in the fourth quarter. M&T Bank Corp now owns 212,320 shares of the company’s stock valued at $1,790,000 after purchasing an additional 19,034 shares during the period. 77.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGS has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and issued a $13.00 price objective on shares of PlayAGS in a research note on Monday, April 1st. B. Riley started coverage on shares of PlayAGS in a report on Friday, April 5th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of PlayAGS from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $12.20.

PlayAGS Price Performance

AGS stock traded down $0.04 during trading on Tuesday, reaching $8.86. 185,630 shares of the company were exchanged, compared to its average volume of 289,097. The company has a market cap of $347.49 million, a P/E ratio of 890.89 and a beta of 2.40. PlayAGS Inc has a 52-week low of $4.53 and a 52-week high of $10.14. The stock’s 50 day moving average price is $8.97 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.72 and a current ratio of 3.48.

About PlayAGS

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.