Principal Financial Group Inc. Buys Shares of 20,835 PlayAGS Inc (NYSE:AGS)

Principal Financial Group Inc. purchased a new position in shares of PlayAGS Inc (NYSE:AGS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,835 shares of the company’s stock, valued at approximately $237,000. Principal Financial Group Inc. owned approximately 0.05% of PlayAGS as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Associates Management Inc. bought a new position in PlayAGS during the second quarter worth about $17,605,000. Water Island Capital LLC acquired a new stake in shares of PlayAGS during the second quarter worth about $10,432,000. Hsbc Holdings PLC raised its position in shares of PlayAGS by 1,442.2% during the second quarter. Hsbc Holdings PLC now owns 474,818 shares of the company’s stock worth $5,408,000 after purchasing an additional 444,030 shares during the period. Barclays PLC lifted its holdings in shares of PlayAGS by 161.7% during the 3rd quarter. Barclays PLC now owns 548,073 shares of the company’s stock valued at $6,243,000 after purchasing an additional 338,642 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of PlayAGS by 1,211.7% in the 2nd quarter. Gabelli Funds LLC now owns 327,922 shares of the company’s stock valued at $3,771,000 after purchasing an additional 302,922 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Stock Performance

Shares of AGS stock opened at $11.58 on Tuesday. 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 Inc has a 52 week low of $7.57 and a 52 week high of $11.75. The company’s 50 day moving average price is $11.57 and its two-hundred day moving average price is $11.47. The company has a market capitalization of $473.93 million, a P/E ratio of 68.12 and a beta of 2.31.

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.