Diametric Capital LP Trims Stock Holdings in PlayAGS Inc (NYSE:AGS)

Diametric Capital LP cut its stake in PlayAGS Inc (NYSE:AGS) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,328 shares of the company’s stock after selling 4,457 shares during the period. Diametric Capital LP owned about 0.20% of PlayAGS worth $938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGS. Principal Financial Group Inc. boosted its stake in PlayAGS by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 22,777 shares of the company’s stock valued at $263,000 after acquiring an additional 1,942 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PlayAGS by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company’s stock valued at $3,236,000 after buying an additional 37,399 shares during the last quarter. Decagon Asset Management LLP acquired a new position in PlayAGS in the fourth quarter valued at approximately $18,933,000. Candriam S.C.A. purchased a new stake in PlayAGS in the 4th quarter worth approximately $2,131,000. Finally, Harbor Capital Advisors Inc. boosted its stake 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 worth $235,000 after acquiring an additional 3,591 shares in the last quarter. Institutional investors own 77.44% of the company’s stock.

PlayAGS Price Performance

Shares of PlayAGS stock opened at $12.11 on Tuesday. PlayAGS Inc has a 12 month low of $8.23 and a 12 month high of $12.16. The stock has a market capitalization of $499.43 million, a P/E ratio of 71.21 and a beta of 2.37. The business has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $11.74. 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 EPS 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 company had revenue of $102.98 million during the quarter, compared to analysts’ expectations of $99.49 million. As a group, analysts predict 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.