1,642,038 Shares in PlayAGS Inc (NYSE:AGS) Bought by Decagon Asset Management LLP

Decagon Asset Management LLP bought a new position in PlayAGS Inc (NYSE:AGS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,642,038 shares of the company’s stock, valued at approximately $18,933,000. PlayAGS comprises about 6.9% of Decagon Asset Management LLP’s portfolio, making the stock its 4th biggest position. Decagon Asset Management LLP owned approximately 4.01% of PlayAGS at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of PlayAGS by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 22,777 shares of the company’s stock worth $263,000 after acquiring an additional 1,942 shares during the last quarter. Harvest Management LLC grew its holdings in shares of PlayAGS by 14.3% during the third quarter. Harvest Management LLC now owns 22,400 shares of the company’s stock valued at $255,000 after buying an additional 2,800 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of PlayAGS by 21.4% during the fourth 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. SG Americas Securities LLC grew its holdings in shares of PlayAGS by 38.9% during the fourth 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, State Street Corp grew its holdings in shares of PlayAGS by 1.3% during the third quarter. State Street Corp now owns 751,949 shares of the company’s stock valued at $8,565,000 after buying an additional 9,816 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.

PlayAGS Stock Performance

Shares of AGS stock opened at $12.08 on Wednesday. PlayAGS Inc has a 1-year low of $8.23 and a 1-year high of $12.16. The company has a current ratio of 3.35, a quick ratio of 2.64 and a debt-to-equity ratio of 7.49. The company has a market capitalization of $498.19 million, a price-to-earnings ratio of 71.03 and a beta of 2.37. The stock’s fifty day simple moving average is $12.00 and its 200-day simple moving average is $11.69.

PlayAGS (NYSE:AGS) last issued its quarterly 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 return on equity of 10.37% and a net margin of 1.89%. The business had revenue of $102.98 million for the quarter, compared to the consensus estimate of $99.49 million. On average, sell-side analysts predict that PlayAGS Inc will post 0.31 earnings per share for the current fiscal 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.