Insider Buying: PlayAGS Inc (NYSE:AGS) CEO Buys $49,397.00 in Stock
PlayAGS Inc (NYSE:AGS) CEO David Lopez bought 4,700 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $10.51 per share, with a total value of $49,397.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
David Lopez also recently made the following trade(s):
- On Monday, August 19th, David Lopez bought 2,328 shares of PlayAGS stock. The stock was purchased at an average cost of $10.72 per share, with a total value of $24,956.16.
Shares of AGS stock opened at $9.96 on Friday. The company has a 50 day moving average price of $16.73 and a 200-day moving average price of $21.20. PlayAGS Inc has a 52 week low of $6.05 and a 52 week high of $32.80. The firm has a market capitalization of $373.56 million, a PE ratio of -66.40, a P/E/G ratio of 15.68 and a beta of 0.86. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 4.00.
Several research analysts have issued reports on AGS shares. ValuEngine cut shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. SunTrust Banks reduced their price target on shares of PlayAGS to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Roth Capital reduced their price target on shares of PlayAGS from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of PlayAGS from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Deutsche Bank lowered shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $31.00 to $18.00 in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in PlayAGS by 22.5% during the second quarter. BlackRock Inc. now owns 1,866,378 shares of the company’s stock valued at $36,301,000 after buying an additional 343,293 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in shares of PlayAGS by 13.6% in the second quarter. Polar Asset Management Partners Inc. now owns 1,744,743 shares of the company’s stock worth $33,935,000 after buying an additional 209,247 shares in the last quarter. Schroder Investment Management Group raised its stake in PlayAGS by 83.1% during the second quarter. Schroder Investment Management Group now owns 1,497,381 shares of the company’s stock valued at $29,124,000 after purchasing an additional 679,621 shares in the last quarter. Vanguard Group Inc. raised its stake in PlayAGS by 6.4% during the second quarter. Vanguard Group Inc. now owns 1,366,246 shares of the company’s stock valued at $26,574,000 after purchasing an additional 81,967 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in PlayAGS during the first quarter valued at $20,195,000. Institutional investors own 98.69% of the company’s stock.
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.
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