ArrowMark Colorado Holdings LLC Has $24.34 Million Position in PlayAGS Inc (NYSE:AGS)

ArrowMark Colorado Holdings LLC reduced its position in PlayAGS Inc (NYSE:AGS - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,111,305 shares of the company's stock after selling 355,908 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 5.16% of PlayAGS worth $24,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AGS. Barclays PLC lifted its holdings in PlayAGS by 161.7% during the 3rd quarter. Barclays PLC now owns 548,073 shares of the company's stock worth $6,243,000 after buying an additional 338,642 shares during the last quarter. Virtu Financial LLC bought a new position in shares of PlayAGS in the 3rd quarter worth about $313,000. Principal Financial Group Inc. acquired a new position in shares of PlayAGS in the 3rd quarter valued at about $237,000. JPMorgan Chase & Co. grew its position in shares of PlayAGS by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company's stock valued at $3,236,000 after buying an additional 37,399 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in PlayAGS by 21.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 20,372 shares of the company's stock worth $235,000 after acquiring an additional 3,591 shares during the period. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

PlayAGS Stock Performance

AGS stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.13. The company had a trading volume of 326,142 shares, compared to its average volume of 379,448. The company has a quick ratio of 2.64, a current ratio of 3.35 and a debt-to-equity ratio of 7.49. The stock's 50-day simple moving average is $12.05 and its two-hundred day simple moving average is $11.85. The stock has a market capitalization of $500.25 million, a P/E ratio of 71.32 and a beta of 1.52. PlayAGS Inc has a one year low of $8.30 and a one year high of $12.30.

PlayAGS (NYSE:AGS - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.88. The business had revenue of $102.98 million during the quarter, compared to analysts' expectations of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. Research analysts anticipate that PlayAGS Inc will post 0.31 EPS 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.