Emerald Advisers LLC Sells 4,366 Shares of PlayAGS Inc (NYSE:AGS)

Emerald Advisers LLC lessened its stake in shares of PlayAGS Inc (NYSE:AGS) by 65.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,257 shares of the company’s stock after selling 4,366 shares during the period. Emerald Advisers LLC’s holdings in PlayAGS were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in PlayAGS during the fourth quarter valued at approximately $91,000. FNY Investment Advisers LLC bought a new position in shares of PlayAGS during the 4th quarter valued at approximately $115,000. Burren Capital Advisors Ltd bought a new position in shares of PlayAGS during the 4th quarter valued at approximately $171,000. Murchinson Ltd. bought a new position in shares of PlayAGS during the 3rd quarter valued at approximately $194,000. Finally, SG Americas Securities LLC lifted its position in PlayAGS by 38.9% during the fourth quarter. SG Americas Securities LLC now owns 18,347 shares of the company’s stock valued at $212,000 after purchasing an additional 5,135 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.

PlayAGS Price Performance

AGS stock opened at $12.13 on Monday. PlayAGS Inc has a 52 week low of $8.23 and a 52 week high of $12.16. 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 fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $11.71. The firm has a market capitalization of $500.25 million, a P/E ratio of 71.32 and a beta of 2.37.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Thursday, March 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.88. The firm had revenue of $102.98 million during the quarter, compared to the consensus estimate of $99.49 million. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. Analysts anticipate that PlayAGS Inc will post 0.31 earnings per share 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.