PlayAGS (NYSE:AGS) issued its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09, Briefing.com reports. PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. The business’s revenue was up 34.7% compared to the same quarter last year.

PlayAGS stock opened at $21.01 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.01 and a debt-to-equity ratio of 3.55. The firm has a market capitalization of $809.98 million and a PE ratio of -10.83. PlayAGS has a fifty-two week low of $16.66 and a fifty-two week high of $32.80.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in PlayAGS during the third quarter valued at $4,830,000. Trexquant Investment LP purchased a new position in PlayAGS during the third quarter valued at $361,000. FMR LLC lifted its stake in shares of PlayAGS by 176.7% in the third quarter. FMR LLC now owns 1,149,110 shares of the company’s stock worth $33,864,000 after buying an additional 733,756 shares in the last quarter. American International Group Inc. lifted its stake in shares of PlayAGS by 39.6% in the third quarter. American International Group Inc. now owns 14,574 shares of the company’s stock worth $429,000 after buying an additional 4,137 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of PlayAGS by 35.6% in the third quarter. BlackRock Inc. now owns 1,508,003 shares of the company’s stock worth $44,441,000 after buying an additional 396,153 shares in the last quarter.

A number of equities research analysts have issued reports on AGS shares. Jefferies Financial Group raised shares of PlayAGS from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $36.00 in a report on Friday, August 10th. ValuEngine cut shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. SunTrust Banks reissued a “buy” rating and set a $35.00 target price on shares of PlayAGS in a report on Sunday, August 12th. Zacks Investment Research cut shares of PlayAGS from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Finally, Stifel Nicolaus upped their price target on shares of PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. PlayAGS has a consensus rating of “Buy” and a consensus target price of $33.88.

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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.

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