Quantbot Technologies LP Takes Position in PlayAGS Inc (NYSE:AGS)

Quantbot Technologies LP acquired a new position in shares of PlayAGS Inc (NYSE:AGS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,850 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in PlayAGS by 9.3% in the 4th 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. grew its holdings in shares of PlayAGS by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 284,089 shares of the company’s stock valued at $3,236,000 after purchasing an additional 37,399 shares in the last quarter. Decagon Asset Management LLP purchased a new stake in PlayAGS during the 4th quarter worth approximately $18,933,000. Candriam S.C.A. purchased a new stake in PlayAGS during the 4th quarter worth approximately $2,131,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in 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 buying an additional 3,591 shares in the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Stock Performance

NYSE:AGS opened at $12.11 on Tuesday. PlayAGS Inc has a 52 week low of $8.23 and a 52 week high of $12.16. The company has a fifty day simple moving average of $12.06 and a two-hundred day simple moving average of $11.74. The company has a quick ratio of 2.64, a current ratio of 3.35 and a debt-to-equity ratio of 7.49. The company has a market cap of $499.43 million, a price-to-earnings ratio of 71.21 and a beta of 2.37.

PlayAGS (NYSE:AGS) last released its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share (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 firm had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. As a group, equities analysts anticipate that PlayAGS Inc will post 0.31 earnings per share for the current fiscal year.

About PlayAGS

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.