Federated Hermes Inc. Acquires 200,052 Shares of PlayAGS Inc (NYSE:AGS)

Federated Hermes Inc. lifted its stake in shares of PlayAGS Inc (NYSE:AGS - Free Report) by 119.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 366,870 shares of the company's stock after purchasing an additional 200,052 shares during the period. Federated Hermes Inc. owned 0.95% of PlayAGS worth $3,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Panagora Asset Management Inc. bought a new stake in PlayAGS in the 3rd quarter valued at $76,000. Jump Financial LLC bought a new stake in PlayAGS in the 3rd quarter valued at $86,000. Quantbot Technologies LP raised its stake in PlayAGS by 254.0% in the 3rd quarter. Quantbot Technologies LP now owns 13,269 shares of the company's stock valued at $87,000 after acquiring an additional 9,521 shares during the period. Mackenzie Financial Corp raised its stake in PlayAGS by 19.1% in the 4th quarter. Mackenzie Financial Corp now owns 12,593 shares of the company's stock valued at $106,000 after acquiring an additional 2,023 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in PlayAGS by 41.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company's stock valued at $164,000 after acquiring an additional 7,335 shares during the period. Institutional investors own 77.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on AGS shares. B. Riley started coverage on PlayAGS in a report on Friday, April 5th. They issued a "buy" rating and a $16.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $13.00 price objective on shares of PlayAGS in a report on Monday, April 1st. Finally, Truist Financial upped their price objective on PlayAGS from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $12.20.

PlayAGS Price Performance

Shares of AGS traded up $0.43 during trading hours on Friday, hitting $8.91. 268,255 shares of the company were exchanged, compared to its average volume of 253,830. The company has a market cap of $349.45 million, a price-to-earnings ratio of 891.89 and a beta of 2.40. PlayAGS Inc has a fifty-two week low of $4.53 and a fifty-two week high of $10.14. The company has a quick ratio of 2.72, a current ratio of 3.48 and a debt-to-equity ratio of 8.09. The firm's fifty day moving average is $8.97 and its 200 day moving average is $8.26.

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.