Gabelli Funds LLC Increases Stock Position in PlayAGS Inc (NYSE:AGS)

Gabelli Funds LLC grew its position in PlayAGS Inc (NYSE:AGS - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,496 shares of the company's stock after acquiring an additional 30,168 shares during the period. Gabelli Funds LLC owned about 1.02% of PlayAGS worth $4,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in PlayAGS by 34.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock worth $47,000 after buying an additional 1,063 shares in the last quarter. Quantbot Technologies LP purchased a new stake in PlayAGS during the fourth quarter worth about $91,000. FNY Investment Advisers LLC purchased a new stake in PlayAGS during the fourth quarter worth about $115,000. Polymer Capital Management US LLC purchased a new stake in PlayAGS during the fourth quarter worth about $130,000. Finally, Burren Capital Advisors Ltd purchased a new stake in PlayAGS during the fourth quarter worth about $171,000. Hedge funds and other institutional investors own 77.44% of the company's stock.

PlayAGS Stock Performance

AGS stock remained flat at $12.07 during trading on Wednesday. 99,879 shares of the company were exchanged, compared to its average volume of 415,319. The stock has a market cap of $497.98 million, a P/E ratio of 71.00 and a beta of 1.88. PlayAGS Inc has a 52-week low of $8.23 and a 52-week high of $12.16. The firm's 50-day moving average is $12.04 and its 200 day moving average is $11.81. The company has a current ratio of 3.35, a quick ratio of 2.64 and a debt-to-equity ratio of 7.49.

PlayAGS (NYSE:AGS - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $99.49 million. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. As a group, equities research analysts forecast that PlayAGS Inc will post 0.31 EPS for the current 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.