Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Patient Capital Management LLC

Patient Capital Management LLC lessened its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,310 shares of the credit services provider's stock after selling 62,310 shares during the quarter. Patient Capital Management LLC owned approximately 0.35% of Everi worth $4,057,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. OMERS ADMINISTRATION Corp lifted its stake in shares of Everi by 104.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 103,800 shares of the credit services provider's stock worth $1,402,000 after buying an additional 53,100 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Everi by 6.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,100 shares of the credit services provider's stock worth $623,000 after purchasing an additional 2,696 shares in the last quarter. Moore Capital Management LP boosted its holdings in shares of Everi by 13.9% during the 4th quarter. Moore Capital Management LP now owns 159,401 shares of the credit services provider's stock worth $2,154,000 after purchasing an additional 19,401 shares during the last quarter. Hudson Bay Capital Management LP grew its position in shares of Everi by 197.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 374,464 shares of the credit services provider's stock valued at $5,059,000 after purchasing an additional 248,414 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Everi in the fourth quarter valued at approximately $1,477,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Everi Stock Performance

NYSE:EVRI opened at $14.07 on Wednesday. The company's 50-day moving average is $13.73 and its two-hundred day moving average is $13.61. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $14.10. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 93.81 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last released its quarterly 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 firm had revenue of $181.30 million for the quarter, compared to analysts' expectations of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. Analysts forecast that Everi Holdings Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Everi

In other Everi news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd A. Valli sold 30,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

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.

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