CWA Asset Management Group LLC Invests $1.02 Million in Everi Holdings Inc. (NYSE:EVRI)

CWA Asset Management Group LLC purchased a new position in Everi Holdings Inc. (NYSE:EVRI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 74,443 shares of the credit services provider's stock, valued at approximately $1,018,000. CWA Asset Management Group LLC owned about 0.09% of Everi as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vestcor Inc purchased a new position in Everi in the fourth quarter worth about $28,000. AlphaQuest LLC lifted its holdings 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 buying an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Everi in the fourth quarter worth $143,000. Proficio Capital Partners LLC purchased a new position in shares of Everi in the fourth quarter worth $151,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Everi by 1,267.0% in the first quarter. GAMMA Investing LLC now owns 17,662 shares of the credit services provider's stock worth $241,000 after buying an additional 16,370 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Price Performance

Shares of EVRI remained flat at $14.23 during midday trading on Monday. 436,360 shares of the stock traded hands, compared to its average volume of 1,293,905. The company's 50-day moving average is $14.05 and its 200 day moving average is $13.76. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 88.94 and a beta of 1.22. Everi Holdings Inc. has a 1-year low of $7.86 and a 1-year high of $14.25.

Everi (NYSE:EVRI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.66% and a net margin of 1.92%. The company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. As a group, equities research analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of 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 company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.83.

Insiders Place Their Bets

In related news, CAO Todd A. Valli sold 30,000 shares of Everi 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 sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. This trade represents a 34.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by company insiders.

About Everi

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.