PlayAGS Inc (NYSE:AGS) Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in PlayAGS Inc (NYSE:AGS - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,364 shares of the company's stock after purchasing an additional 41,600 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 1.02% of PlayAGS worth $4,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Gamco Investors INC. ET AL boosted its stake in PlayAGS by 13.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 19,676 shares of the company's stock valued at $227,000 after acquiring an additional 2,296 shares in the last quarter. Gabelli Funds LLC raised its stake in PlayAGS by 7.8% in the fourth quarter. Gabelli Funds LLC now owns 417,496 shares of the company's stock valued at $4,814,000 after buying an additional 30,168 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in PlayAGS by 34.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock worth $47,000 after acquiring an additional 1,063 shares in the last quarter. Water Island Capital LLC grew its stake in shares of PlayAGS by 14.9% during the fourth quarter. Water Island Capital LLC now owns 90,244 shares of the company's stock worth $1,041,000 after acquiring an additional 11,704 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of PlayAGS by 9.0% during the fourth quarter. Kennedy Capital Management LLC now owns 80,153 shares of the company's stock valued at $924,000 after acquiring an additional 6,601 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

PlayAGS Stock Performance

NYSE:AGS traded up $0.05 during trading hours on Friday, hitting $12.02. 450,658 shares of the company were exchanged, compared to its average volume of 370,229. The company's 50 day moving average price is $12.04 and its 200-day moving average price is $11.80. The stock has a market capitalization of $495.71 million, a price-to-earnings ratio of 70.68 and a beta of 1.88. PlayAGS Inc has a 52-week low of $8.23 and a 52-week high of $12.16. 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 issued 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. The company had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. As a group, research analysts forecast that PlayAGS Inc will post 0.31 earnings per share for the current 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.