Emmett Investment Management LP Buys Shares of 837,373 PlayAGS Inc (NYSE:AGS)

Emmett Investment Management LP purchased a new stake in shares of PlayAGS Inc (NYSE:AGS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 837,373 shares of the company's stock, valued at approximately $9,655,000. PlayAGS accounts for approximately 8.7% of Emmett Investment Management LP's portfolio, making the stock its largest position. Emmett Investment Management LP owned 2.05% of PlayAGS at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Decagon Asset Management LLP purchased a new position in PlayAGS in the fourth quarter worth about $18,933,000. Alliancebernstein L.P. raised its holdings in PlayAGS by 84.4% in the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company's stock worth $10,261,000 after buying an additional 407,203 shares during the last quarter. Barclays PLC raised its holdings in PlayAGS by 161.7% in the third 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. Cigogne Management SA purchased a new position in PlayAGS in the fourth quarter worth about $3,835,000. Finally, Credit Industriel ET Commercial purchased a new position in PlayAGS in the fourth quarter worth about $2,362,000. 77.44% of the stock is owned by hedge funds and other institutional investors.

PlayAGS Stock Performance

Shares of AGS stock traded up $0.03 during trading hours on Wednesday, reaching $12.20. The company had a trading volume of 413,409 shares, compared to its average volume of 335,027. The business has a fifty day moving average price of $12.05 and a 200-day moving average price of $11.86. PlayAGS Inc has a one year low of $11.09 and a one year high of $12.60. The firm has a market cap of $503.35 million, a PE ratio of 71.76 and a beta of 1.52. 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 announced its quarterly earnings results on Thursday, March 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.88. The firm had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. Sell-side analysts predict that PlayAGS Inc will post 0.31 earnings per share for the current fiscal year.

PlayAGS Company 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.