Cornercap Investment Counsel Inc. Makes New $245,000 Investment in PlayAGS Inc (NYSE:AGS)

Cornercap Investment Counsel Inc. purchased a new position in PlayAGS Inc (NYSE:AGS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,512 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC lifted its position in shares of PlayAGS by 89.3% in the third quarter. Wolverine Asset Management LLC now owns 85,185 shares of the company’s stock valued at $970,000 after acquiring an additional 40,185 shares in the last quarter. Principal Financial Group Inc. bought a new position in PlayAGS in the 3rd quarter worth approximately $237,000. Olympiad Research LP purchased a new stake in PlayAGS during the 3rd quarter valued at approximately $1,164,000. Emerald Advisers LLC raised its position in shares of PlayAGS by 193.4% during the third 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. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of PlayAGS by 12.0% in the third quarter. Harbor Capital Advisors Inc. now owns 16,781 shares of the company’s stock worth $191,000 after buying an additional 1,792 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

PlayAGS Stock Up 0.2 %

Shares of AGS opened at $11.65 on Tuesday. The company has a debt-to-equity ratio of 7.49, a current ratio of 3.35 and a quick ratio of 2.64. The stock has a market capitalization of $476.80 million, a price-to-earnings ratio of 68.53 and a beta of 2.35. PlayAGS Inc has a 1 year low of $7.21 and a 1 year high of $11.75. The business’s 50 day simple moving average is $11.52 and its 200-day simple moving average is $11.38.

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.