Principal Financial Group Inc. Buys Shares of 20,835 PlayAGS Inc (NYSE:AGS)

Principal Financial Group Inc. bought a new stake in PlayAGS Inc (NYSE:AGS) in the third quarter, Holdings Channel.com reports. The institutional investor bought 20,835 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in PlayAGS by 3.4% during the first quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock valued at $19,440,000 after purchasing an additional 70,799 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of PlayAGS by 15.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,771,742 shares of the company’s stock valued at $20,375,000 after buying an additional 232,500 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of PlayAGS during the 2nd quarter valued at $17,605,000. Water Island Capital LLC acquired a new position in shares of PlayAGS in the second quarter worth $10,432,000. Finally, Boston Partners raised its holdings in shares of PlayAGS by 214.2% during the first quarter. Boston Partners now owns 827,069 shares of the company’s stock worth $7,426,000 after acquiring an additional 563,843 shares in the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

Analyst Ratings Changes

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

PlayAGS Stock Performance

AGS stock opened at $11.63 on Tuesday. The firm has a 50 day moving average of $11.55 and a two-hundred day moving average of $11.47. PlayAGS Inc has a 12 month low of $7.32 and a 12 month high of $11.75. The company has a market capitalization of $476.02 million, a price-to-earnings ratio of 68.41 and a beta of 2.35. The company has a quick ratio of 2.64, a current ratio of 3.35 and a debt-to-equity ratio of 7.49.

About PlayAGS

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.