K2 Principal Fund L.P. raised its holdings in PlayAGS Inc (NYSE:AGS - Free Report) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,918 shares of the company's stock after buying an additional 30,000 shares during the period. K2 Principal Fund L.P. owned about 0.24% of PlayAGS worth $1,152,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Decagon Asset Management LLP bought a new position in PlayAGS during the 4th quarter worth $18,933,000. Emmett Investment Management LP bought a new position in shares of PlayAGS in the fourth quarter worth $9,655,000. Alliancebernstein L.P. raised its stake in PlayAGS by 84.4% in the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company's stock valued at $10,261,000 after purchasing an additional 407,203 shares in the last quarter. Barclays PLC raised its stake in PlayAGS by 161.7% in the third quarter. Barclays PLC now owns 548,073 shares of the company's stock valued at $6,243,000 after purchasing an additional 338,642 shares in the last quarter. Finally, Cigogne Management SA bought a new stake in PlayAGS during the fourth quarter worth about $3,835,000. 77.44% of the stock is owned by institutional investors and hedge funds.
PlayAGS Price Performance
PlayAGS stock opened at $12.14 on Friday. The stock has a fifty day moving average of $12.05 and a 200-day moving average of $11.86. The stock has a market capitalization of $500.87 million, a P/E ratio of 71.41 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 $12.18.
PlayAGS (NYSE:AGS - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.15 by $0.88. The firm had revenue of $102.98 million during the quarter, compared to the consensus estimate of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. On average, sell-side analysts expect that PlayAGS Inc will post 0.31 earnings per share for the current fiscal year.
PlayAGS Profile
(
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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