PlayAGS Inc (NYSE:AGS) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its stake in shares of PlayAGS Inc (NYSE:AGS) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,467,213 shares of the company’s stock after selling 19,723 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.06% of PlayAGS worth $28,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AGS. Athos Capital Ltd lifted its stake in PlayAGS by 10.0% in the third quarter. Athos Capital Ltd now owns 110,000 shares of the company’s stock valued at $1,253,000 after buying an additional 10,000 shares during the last quarter. FMR LLC lifted its position in PlayAGS by 59.1% in the 3rd quarter. FMR LLC now owns 167,911 shares of the company’s stock valued at $1,913,000 after purchasing an additional 62,396 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in PlayAGS by 11.2% during the 3rd quarter. Alpine Associates Management Inc. now owns 1,702,117 shares of the company’s stock valued at $19,387,000 after purchasing an additional 171,274 shares during the period. LMR Partners LLP grew its position in PlayAGS by 173.9% in the 3rd quarter. LMR Partners LLP now owns 180,000 shares of the company’s stock worth $2,050,000 after purchasing an additional 114,271 shares during the last quarter. Finally, Quest Partners LLC bought a new position in PlayAGS in the 3rd quarter worth about $388,000. 77.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a “neutral” rating and set a $12.50 price target (down previously from $16.00) on shares of PlayAGS in a report on Monday, August 5th.

PlayAGS Price Performance

Shares of NYSE AGS opened at $11.62 on Monday. The stock has a market cap of $475.61 million, a P/E ratio of 68.35 and a beta of 2.35. The firm’s 50-day simple moving average is $11.59 and its 200 day simple moving average is $11.48. PlayAGS Inc has a fifty-two week low of $7.43 and a fifty-two week high of $11.75. The company has a quick ratio of 2.64, a current ratio of 3.35 and a debt-to-equity ratio of 7.49.

PlayAGS Company 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.