Everi Holdings Inc. (NYSE:EVRI) Holdings Lifted by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP boosted its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 197.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.43% of Everi worth $5,059,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock worth $337,000 after acquiring an additional 765 shares during the last quarter. Vestcor Inc bought a new position in Everi in the fourth quarter worth about $28,000. MetLife Investment Management LLC lifted its holdings in Everi by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider's stock worth $637,000 after acquiring an additional 2,409 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Everi by 6.6% in the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Everi by 2.7% in the fourth quarter. Swiss National Bank now owns 169,200 shares of the credit services provider's stock worth $2,286,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Price Performance

EVRI traded up $0.01 on Friday, reaching $14.08. The company had a trading volume of 1,325,725 shares, compared to its average volume of 1,332,809. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $14.10. The company has a market capitalization of $1.22 billion, a P/E ratio of 93.84 and a beta of 1.31. The company has a fifty day moving average of $13.74 and a 200-day moving average of $13.61. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

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

Insider Buying and Selling

In related news, CAO Todd A. Valli sold 30,000 shares of the firm'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 transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the firm'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 sale, the director now owns 84,240 shares of the company's stock, valued at $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. 6.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Everi Company 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.