PlayAGS Inc (NYSE:AGS) Stock Holdings Lifted by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of PlayAGS Inc (NYSE:AGS) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,320 shares of the company’s stock after buying an additional 19,034 shares during the period. M&T Bank Corp’s holdings in PlayAGS were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. bought a new position in shares of PlayAGS during the third quarter valued at approximately $76,000. Los Angeles Capital Management LLC grew its stake in PlayAGS by 1,708.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 291,699 shares of the company’s stock worth $1,902,000 after buying an additional 275,567 shares during the last quarter. Jump Financial LLC acquired a new stake in PlayAGS in the third quarter worth $86,000. Quantbot Technologies LP lifted its stake in PlayAGS by 254.0% in the third quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock valued at $87,000 after buying an additional 9,521 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of PlayAGS during the third quarter valued at $879,000. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Stock Performance

Shares of AGS opened at $11.34 on Friday. PlayAGS Inc has a 52-week low of $4.53 and a 52-week high of $11.51. The firm has a market capitalization of $455.97 million, a PE ratio of 1,134.00 and a beta of 2.38. The firm has a 50-day moving average price of $8.93 and a 200 day moving average price of $8.37. The company has a quick ratio of 2.72, a current ratio of 3.48 and a debt-to-equity ratio of 8.09.

Wall Street Analyst Weigh In

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

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.