GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in PlayAGS Inc (NYSE:AGS - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 419,364 shares of the company's stock after purchasing an additional 41,600 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 1.02% of PlayAGS worth $4,835,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its position in PlayAGS by 34.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock valued at $47,000 after buying an additional 1,063 shares during the period. Quantbot Technologies LP purchased a new position in shares of PlayAGS in the 4th quarter worth $91,000. FNY Investment Advisers LLC purchased a new stake in PlayAGS during the fourth quarter valued at $115,000. Polymer Capital Management US LLC bought a new position in PlayAGS in the fourth quarter valued at about $130,000. Finally, Burren Capital Advisors Ltd purchased a new position in PlayAGS in the fourth quarter worth about $171,000. 77.44% of the stock is currently owned by hedge funds and other institutional investors.
PlayAGS Stock Performance
Shares of NYSE AGS traded up $0.05 during midday trading on Friday, hitting $12.02. 450,658 shares of the company's stock traded hands, compared to its average volume of 370,435. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35. The stock has a market capitalization of $495.71 million, a price-to-earnings ratio of 70.68 and a beta of 1.88. The firm has a fifty day moving average of $12.04 and a 200 day moving average of $11.80. PlayAGS Inc has a 1 year low of $8.23 and a 1 year high of $12.16.
PlayAGS (NYSE:AGS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.88. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. The firm had revenue of $102.98 million for the quarter, compared to analysts' expectations of $99.49 million. On average, analysts forecast that PlayAGS Inc will post 0.31 earnings per share for the current year.
PlayAGS Company Profile
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Free Report)
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.
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