K2 Principal Fund L.P. Increases Stock Holdings in PlayAGS Inc (NYSE:AGS)

K2 Principal Fund L.P. increased its stake in shares of PlayAGS Inc (NYSE:AGS - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,918 shares of the company's stock after purchasing an additional 30,000 shares during the quarter. K2 Principal Fund L.P. owned 0.24% of PlayAGS worth $1,152,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AGS. Barclays PLC lifted its holdings in shares of PlayAGS by 161.7% during the third quarter. Barclays PLC now owns 548,073 shares of the company's stock worth $6,243,000 after purchasing an additional 338,642 shares during the period. JPMorgan Chase & Co. raised its position in PlayAGS by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company's stock worth $3,236,000 after acquiring an additional 37,399 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in PlayAGS by 21.4% in 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 in the last quarter. FNY Investment Advisers LLC purchased a new position in PlayAGS in the fourth quarter worth $115,000. Finally, SG Americas Securities LLC raised its position in PlayAGS by 38.9% in the fourth quarter. SG Americas Securities LLC now owns 18,347 shares of the company's stock worth $212,000 after acquiring an additional 5,135 shares in the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.

PlayAGS Price Performance

NYSE:AGS traded up $0.01 during trading hours on Friday, hitting $12.18. The company's stock had a trading volume of 225,073 shares, compared to its average volume of 329,263. The business's 50-day moving average is $12.06 and its two-hundred day moving average is $11.87. The company has a market capitalization of $502.52 million, a PE ratio of 71.65 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 Inc has a 52-week low of $11.09 and a 52-week high of $12.32.

PlayAGS (NYSE:AGS - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.88. The firm 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%. As a group, research analysts anticipate that PlayAGS Inc will post 0.31 EPS for the current fiscal year.

About PlayAGS

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.