Alliancebernstein L.P. Buys 407,203 Shares of PlayAGS Inc (NYSE:AGS)

Alliancebernstein L.P. lifted its holdings in PlayAGS Inc (NYSE:AGS - Free Report) by 84.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 889,951 shares of the company's stock after acquiring an additional 407,203 shares during the period. Alliancebernstein L.P. owned 2.17% of PlayAGS worth $10,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of PlayAGS by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 22,777 shares of the company's stock valued at $263,000 after purchasing an additional 1,942 shares during the last quarter. Decagon Asset Management LLP bought a new position in PlayAGS during the fourth quarter valued at $18,933,000. JPMorgan Chase & Co. raised its stake in shares of PlayAGS by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company's stock valued at $3,236,000 after acquiring an additional 37,399 shares during the period. Candriam S.C.A. bought a new stake in shares of PlayAGS in the 4th quarter worth about $2,131,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of PlayAGS by 21.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 20,372 shares of the company's stock worth $235,000 after purchasing an additional 3,591 shares during the period. Hedge funds and other institutional investors own 77.44% of the company's stock.

PlayAGS Trading Up 0.0 %

NYSE AGS traded up $0.01 during trading on Wednesday, hitting $11.93. The stock had a trading volume of 52,952 shares, compared to its average volume of 364,591. The stock has a market capitalization of $492.00 million, a price-to-earnings ratio of 70.15 and a beta of 1.88. The stock has a 50 day simple moving average of $12.05 and a 200 day simple moving average of $11.79. PlayAGS Inc has a one year low of $8.23 and a one year high of $12.16. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35.

PlayAGS (NYSE:AGS - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.88. The business had revenue of $102.98 million for the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. Sell-side analysts predict that PlayAGS Inc will post 0.31 earnings per share for the current year.

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.