PlayAGS (NYSE:AGS) Receives Hold Rating from Truist Financial

Truist Financial reaffirmed their hold rating on shares of PlayAGS (NYSE:AGSFree Report) in a research note issued to investors on Monday, Benzinga reports. Truist Financial currently has a $12.50 price objective on the stock, down from their previous price objective of $13.00.

Several other equities research analysts also recently commented on AGS. B. Riley assumed coverage on shares of PlayAGS in a research note on Friday, April 5th. They issued a buy rating and a $16.00 target price on the stock. JMP Securities reissued a market outperform rating and set a $13.00 price target on shares of PlayAGS in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $12.10.

Read Our Latest Research Report on AGS

PlayAGS Stock Performance

Shares of NYSE:AGS opened at $11.41 on Monday. The company has a debt-to-equity ratio of 7.30, a current ratio of 3.38 and a quick ratio of 2.60. The business’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $8.45. PlayAGS has a fifty-two week low of $5.10 and a fifty-two week high of $11.51. The stock has a market capitalization of $450.24 million, a price-to-earnings ratio of 1,142.14 and a beta of 2.38.

Hedge Funds Weigh In On PlayAGS

A number of institutional investors have recently modified their holdings of the stock. Panagora Asset Management Inc. acquired a new stake in shares of PlayAGS in the third quarter valued at approximately $76,000. Jump Financial LLC bought a new stake in shares of PlayAGS during the third quarter worth $86,000. Quantbot Technologies LP lifted its stake in shares of PlayAGS by 254.0% during the third quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock valued at $87,000 after acquiring an additional 9,521 shares during the period. Mackenzie Financial Corp boosted its holdings in PlayAGS by 19.1% in the fourth quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock valued at $106,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in PlayAGS by 41.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock worth $164,000 after purchasing an additional 7,335 shares during the period. 77.44% of the stock is owned by institutional investors.

About PlayAGS

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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.

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