CIBRA Capital Ltd acquired a new stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the credit services provider's stock, valued at approximately $1,351,000. Everi accounts for about 0.9% of CIBRA Capital Ltd's holdings, making the stock its 18th biggest position. CIBRA Capital Ltd owned about 0.12% of Everi at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vestcor Inc bought a new position in Everi during the 4th quarter valued at approximately $28,000. AlphaQuest LLC grew its stake in shares of Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after acquiring an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Everi during the fourth quarter valued at $143,000. Proficio Capital Partners LLC bought a new position in shares of Everi during the fourth quarter valued at $151,000. Finally, Trans Canada Capital Inc. purchased a new position in shares of Everi in the 4th quarter worth about $253,000. Institutional investors own 95.47% of the company's stock.
Everi Stock Performance
Shares of NYSE:EVRI traded down $0.01 during midday trading on Friday, reaching $14.12. 828,538 shares of the company's stock traded hands, compared to its average volume of 1,294,117. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi Holdings Inc. has a one year low of $7.21 and a one year high of $14.15. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 94.14 and a beta of 1.31. The stock has a 50 day moving average of $13.85 and a 200 day moving average of $13.68.
Everi (NYSE:EVRI - Get Free Report) last posted 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 company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. As a group, equities research analysts anticipate that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four 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 an average rating of "Hold" and an average price target of $12.83.
Get Our Latest Research Report on EVRI
Insider Activity at Everi
In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.
Everi Company Profile
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Free Report)
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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