PlayAGS (NYSE:AGS) Hits New 52-Week High - Here's Why

PlayAGS Inc (NYSE:AGS - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $12.16 and last traded at $12.15, with a volume of 20438 shares trading hands. The stock had previously closed at $12.13.

PlayAGS Trading Down 0.1 %

The company has a 50 day moving average of $12.05 and a 200-day moving average of $11.72. The stock has a market cap of $499.84 million, a price-to-earnings ratio of 71.26 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 posted its quarterly earnings data on Thursday, March 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.15 by $0.88. The business had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. On average, research analysts anticipate that PlayAGS Inc will post 0.31 earnings per share for the current year.

Institutional Trading of PlayAGS

Several hedge funds have recently modified their holdings of the stock. Decagon Asset Management LLP acquired a new position in PlayAGS during the 4th quarter worth $18,933,000. Alliancebernstein L.P. grew its position in shares of PlayAGS by 84.4% during the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company's stock worth $10,261,000 after buying an additional 407,203 shares in the last quarter. Emmett Investment Management LP purchased a new stake in shares of PlayAGS during the fourth quarter worth approximately $9,655,000. State Street Corp raised its holdings in PlayAGS by 1.3% in the third quarter. State Street Corp now owns 751,949 shares of the company's stock valued at $8,565,000 after acquiring an additional 9,816 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in PlayAGS by 5.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 684,276 shares of the company's stock worth $7,890,000 after acquiring an additional 32,523 shares during the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.

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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.