Arrowstreet Capital Limited Partnership Raises Position in PlayAGS Inc (NYSE:AGS)

Arrowstreet Capital Limited Partnership raised its position in shares of PlayAGS Inc (NYSE:AGS) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 684,276 shares of the company’s stock after acquiring an additional 32,523 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.67% of PlayAGS worth $7,890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of PlayAGS during the fourth quarter valued at approximately $91,000. FNY Investment Advisers LLC bought a new position in PlayAGS in the fourth quarter worth $115,000. Burren Capital Advisors Ltd purchased a new position in PlayAGS during the fourth quarter valued at $171,000. SG Americas Securities LLC boosted its holdings in shares of PlayAGS by 38.9% during the 4th quarter. SG Americas Securities LLC now owns 18,347 shares of the company’s stock valued at $212,000 after buying an additional 5,135 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of PlayAGS by 21.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 20,372 shares of the company’s stock valued at $235,000 after buying an additional 3,591 shares in the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Stock Down 1.0 %

Shares of PlayAGS stock opened at $11.99 on Monday. PlayAGS Inc has a 1 year low of $8.23 and a 1 year high of $12.16. The firm has a market cap of $494.68 million, a price-to-earnings ratio of 70.53 and a beta of 1.88. The company has a 50-day moving average of $12.07 and a 200 day moving average of $11.76. 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) last announced its earnings results 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 net margin of 1.89% and a return on equity of 10.37%. The business had revenue of $102.98 million during the quarter, compared to the consensus estimate of $99.49 million. As a group, sell-side analysts anticipate that PlayAGS Inc will post 0.31 earnings per share 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.