Captrust Financial Advisors Decreases Stock Holdings in Everi Holdings Inc. (NYSE:EVRI)

Captrust Financial Advisors trimmed its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,566 shares of the credit services provider's stock after selling 68,682 shares during the quarter. Captrust Financial Advisors owned approximately 0.07% of Everi worth $859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. grew its holdings in Everi by 104.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 88,985 shares of the credit services provider's stock valued at $1,202,000 after purchasing an additional 45,445 shares during the period. Angelo Gordon & CO. L.P. purchased a new position in shares of Everi during the 4th quarter valued at about $4,728,000. AQR Arbitrage LLC grew its stake in shares of Everi by 27.5% during the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock valued at $25,402,000 after acquiring an additional 405,831 shares during the period. One68 Global Capital LLC bought a new position in shares of Everi during the 4th quarter valued at approximately $1,922,000. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Everi by 179.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock worth $6,335,000 after acquiring an additional 301,354 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Price Performance

NYSE:EVRI traded up $0.01 on Thursday, reaching $14.09. 58,402 shares of the company's stock traded hands, compared to its average volume of 1,323,430. The stock has a 50-day simple moving average of $13.78 and a 200-day simple moving average of $13.63. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $14.15. The firm has a market cap of $1.22 billion, a PE ratio of 93.91 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Everi (NYSE:EVRI - Get Free Report) last issued its earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Everi had a net margin of 1.72% and a return on equity of 5.47%. The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. Equities research analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares of the company's stock, valued at approximately $1,156,615.20. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.83.

Everi Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.