K2 Principal Fund L.P. Takes $438,000 Position in PlayAGS Inc (NYSE:AGS)

K2 Principal Fund L.P. purchased a new stake in shares of PlayAGS Inc (NYSE:AGS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 38,117 shares of the company’s stock, valued at approximately $438,000. K2 Principal Fund L.P. owned approximately 0.10% of PlayAGS at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Jump Financial LLC increased its holdings in shares of PlayAGS by 114.2% in the 4th quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock valued at $239,000 after acquiring an additional 15,082 shares during the last quarter. Contrarian Capital Management L.L.C. lifted its position in shares of PlayAGS by 18.1% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 102,000 shares of the company’s stock worth $860,000 after buying an additional 15,600 shares during the last quarter. Brigade Capital Management LP boosted its holdings in shares of PlayAGS by 2.2% in the 4th quarter. Brigade Capital Management LP now owns 1,837,228 shares of the company’s stock valued at $15,488,000 after buying an additional 39,181 shares during the period. Intrinsic Edge Capital Management LLC grew its position in shares of PlayAGS by 15.6% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 117,284 shares of the company’s stock valued at $989,000 after buying an additional 15,871 shares during the last quarter. Finally, Mill Road Capital Management LLC raised its stake in PlayAGS by 10.2% during the fourth quarter. Mill Road Capital Management LLC now owns 345,377 shares of the company’s stock worth $2,912,000 after acquiring an additional 31,977 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Price Performance

NYSE AGS opened at $11.34 on Tuesday. PlayAGS Inc has a 52 week low of $6.27 and a 52 week high of $11.75. The company has a current ratio of 3.06, a quick ratio of 2.43 and a debt-to-equity ratio of 7.65. The stock has a market cap of $447.42 million, a price-to-earnings ratio of 94.50 and a beta of 2.36. The company has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $10.62.

PlayAGS (NYSE:AGS) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.10). The firm had revenue of $96.74 million for the quarter, compared to the consensus estimate of $94.93 million. PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. Analysts forecast that PlayAGS Inc will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley reaffirmed a “neutral” rating and set a $12.50 target price (down from $16.00) on shares of PlayAGS in a report on Monday, August 5th.

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.