Decagon Asset Management LLP Purchases Shares of 1,642,038 PlayAGS Inc (NYSE:AGS)

Decagon Asset Management LLP acquired a new position in PlayAGS Inc (NYSE:AGS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,642,038 shares of the company's stock, valued at approximately $18,933,000. PlayAGS accounts for 6.9% of Decagon Asset Management LLP's portfolio, making the stock its 4th largest holding. Decagon Asset Management LLP owned approximately 4.01% of PlayAGS at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AGS. Alpine Associates Management Inc. boosted its position in shares of PlayAGS by 11.2% during the third quarter. Alpine Associates Management Inc. now owns 1,702,117 shares of the company's stock worth $19,387,000 after buying an additional 171,274 shares during the period. State Street Corp boosted its position in shares of PlayAGS by 1.3% during the third quarter. State Street Corp now owns 751,949 shares of the company's stock worth $8,565,000 after buying an additional 9,816 shares during the period. Barclays PLC boosted its position in shares of 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 buying an additional 338,642 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PlayAGS by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company's stock worth $3,236,000 after buying an additional 37,399 shares during the period. Finally, Centiva Capital LP boosted its position in shares of PlayAGS by 5.9% during the third quarter. Centiva Capital LP now owns 264,870 shares of the company's stock worth $3,017,000 after buying an additional 14,870 shares during the period. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

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PlayAGS Trading Down 0.1 %

Shares of AGS traded down $0.02 during midday trading on Friday, hitting $12.13. 341,145 shares of the stock were exchanged, compared to its average volume of 334,500. PlayAGS Inc has a 52-week low of $8.23 and a 52-week high of $12.16. The stock has a fifty day simple moving average of $12.02 and a 200 day simple moving average of $11.71. The firm has a market cap of $500.25 million, a P/E ratio of 71.32 and a beta of 2.37. 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 (NYSE:AGS - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate 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 during 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.