Hudson Bay Capital Management LP Acquires 248,414 Shares of Everi Holdings Inc. (NYSE:EVRI)

Hudson Bay Capital Management LP boosted its position in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 197.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 374,464 shares of the credit services provider's stock after acquiring an additional 248,414 shares during the period. Hudson Bay Capital Management LP owned approximately 0.43% of Everi worth $5,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in Everi by 3.2% during the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock valued at $337,000 after purchasing an additional 765 shares in the last quarter. Vestcor Inc acquired a new stake in Everi during the fourth quarter valued at approximately $28,000. MetLife Investment Management LLC boosted its holdings in Everi by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider's stock valued at $637,000 after purchasing an additional 2,409 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Everi by 2.7% during the fourth quarter. Swiss National Bank now owns 169,200 shares of the credit services provider's stock valued at $2,286,000 after purchasing an additional 4,400 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Everi Price Performance

Shares of EVRI traded up $0.01 on Friday, hitting $14.08. The company's stock had a trading volume of 1,325,725 shares, compared to its average volume of 1,331,735. The company has a market capitalization of $1.22 billion, a PE ratio of 93.84 and a beta of 1.31. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.10. The company has a 50 day moving average price of $13.75 and a 200 day moving average price of $13.62.

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

Insider Transactions at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the completion of the transaction, the chief accounting officer now owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Everi has a consensus rating of "Hold" and a consensus target price 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.