Brasada Capital Management LP reduced its stake in shares of PlayAGS Inc (NYSE:AGS) by 39.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,150 shares of the company’s stock after selling 9,400 shares during the quarter. Brasada Capital Management LP’s holdings in PlayAGS were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC purchased a new position in PlayAGS during the 3rd quarter valued at $217,000. The Manufacturers Life Insurance Company purchased a new stake in shares of PlayAGS in the 1st quarter worth about $188,000. Emerald Mutual Fund Advisers Trust grew its position in shares of PlayAGS by 1.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 783,770 shares of the company’s stock worth $23,098,000 after buying an additional 9,742 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of PlayAGS in the 2nd quarter worth about $284,000. Finally, JPMorgan Chase & Co. grew its position in shares of PlayAGS by 42.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,812 shares of the company’s stock worth $1,144,000 after buying an additional 11,586 shares during the period.

PlayAGS stock traded down $0.45 during mid-day trading on Friday, reaching $23.34. The stock had a trading volume of 460,577 shares, compared to its average volume of 295,570. The stock has a market cap of $839.92 million and a price-to-earnings ratio of -12.03. PlayAGS Inc has a one year low of $16.66 and a one year high of $32.80. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.94 and a quick ratio of 2.16.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.09. The company had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The company’s revenue was up 34.7% on a year-over-year basis. On average, equities analysts expect that PlayAGS Inc will post -0.41 EPS for the current fiscal year.

A number of research firms have recently weighed in on AGS. Telsey Advisory Group began coverage on shares of PlayAGS in a research report on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. Stifel Nicolaus upped their target price on shares of PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. ValuEngine downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Credit Suisse Group started coverage on shares of PlayAGS in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, SunTrust Banks reiterated a “buy” rating and issued a $35.00 price target on shares of PlayAGS in a research note on Sunday, August 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $33.38.

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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.

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Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

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