Polar Asset Management Partners Inc. Acquires 300,000 Shares of PlayAGS Inc (NYSE:AGS)

Polar Asset Management Partners Inc. grew its position in PlayAGS Inc (NYSE:AGS - Free Report) by 1,200.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 325,000 shares of the company's stock after purchasing an additional 300,000 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.79% of PlayAGS worth $3,747,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Decagon Asset Management LLP bought a new position in PlayAGS during the fourth quarter worth $18,933,000. Alliancebernstein L.P. increased its position in PlayAGS by 84.4% during the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company's stock worth $10,261,000 after acquiring an additional 407,203 shares during the period. Emmett Investment Management LP bought a new position in PlayAGS during the fourth quarter worth $9,655,000. Arrowstreet Capital Limited Partnership increased its position in PlayAGS by 5.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 684,276 shares of the company's stock worth $7,890,000 after acquiring an additional 32,523 shares during the period. Finally, Barclays PLC increased its position in 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 acquiring an additional 338,642 shares during the period. Institutional investors own 77.44% of the company's stock.

PlayAGS Stock Performance

AGS stock traded up $0.01 on Wednesday, reaching $12.22. 98,840 shares of the company were exchanged, compared to its average volume of 422,909. PlayAGS Inc has a 12 month low of $11.09 and a 12 month high of $12.32. The stock's fifty day moving average price is $12.07 and its 200 day moving average price is $11.88. The firm has a market capitalization of $503.97 million, a PE ratio of 71.85 and a beta of 1.52. The company has a debt-to-equity ratio of 7.49, a current ratio of 3.35 and a quick ratio of 2.64.

PlayAGS (NYSE:AGS - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.88. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. The business had revenue of $102.98 million for the quarter, compared to analyst estimates of $99.49 million. On average, research analysts anticipate that PlayAGS Inc will post 0.31 EPS for the current fiscal year.

PlayAGS 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.