Quest Partners LLC Makes New Investment in PlayAGS Inc (NYSE:AGS)

Quest Partners LLC purchased a new stake in PlayAGS Inc (NYSE:AGS) during the 3rd quarter, Holdings Channel reports. The firm purchased 34,085 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds have also modified their holdings of AGS. Emerald Advisers LLC grew its holdings in PlayAGS by 193.4% during the 3rd quarter. Emerald Advisers LLC now owns 6,623 shares of the company’s stock valued at $75,000 after buying an additional 4,366 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of PlayAGS during the first quarter valued at $96,000. SG Americas Securities LLC purchased a new stake in PlayAGS during the 3rd quarter worth about $150,000. Harbor Capital Advisors Inc. raised its stake in PlayAGS by 65.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock valued at $172,000 after purchasing an additional 5,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of PlayAGS by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company’s stock worth $178,000 after purchasing an additional 1,973 shares during the last quarter. 77.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

PlayAGS Stock Performance

PlayAGS stock opened at $11.66 on Monday. The stock has a fifty day moving average price of $11.55 and a 200 day moving average price of $11.47. PlayAGS Inc has a 52 week low of $7.21 and a 52 week high of $11.75. The firm has a market capitalization of $477.24 million, a P/E ratio of 68.59 and a beta of 2.35. The company has a current ratio of 3.35, a quick ratio of 2.64 and a debt-to-equity ratio of 7.49.

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.