Polar Asset Management Partners Inc. Boosts Stock Position in PlayAGS Inc (NYSE:AGS)

Polar Asset Management Partners Inc. lifted its position in PlayAGS Inc (NYSE:AGS) by 1,200.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,000 shares of the company’s stock after purchasing an additional 300,000 shares during the quarter. Polar Asset Management Partners Inc. owned 0.79% of PlayAGS worth $3,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in shares of PlayAGS by 34.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company’s stock worth $47,000 after purchasing an additional 1,063 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of PlayAGS in the 4th quarter worth about $91,000. ProShare Advisors LLC purchased a new position in shares of PlayAGS in the 4th quarter worth about $128,000. Polymer Capital Management US LLC purchased a new position in shares of PlayAGS in the 4th quarter worth about $130,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of PlayAGS in the 4th quarter worth about $159,000. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

PlayAGS Trading Down 0.3%

Shares of AGS stock opened at $12.17 on Friday. The stock has a market capitalization of $502.11 million, a PE ratio of 71.59 and a beta of 1.52. PlayAGS Inc has a 1-year low of $11.09 and a 1-year high of $12.32. The business has a 50-day moving average of $12.06 and a 200 day moving average of $11.87. 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 issued its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.88. The company had revenue of $102.98 million during the quarter, compared to analysts’ expectations of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. As a group, sell-side analysts anticipate that PlayAGS Inc will post 0.31 earnings per share for the current 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.