Everi Holdings Inc. (NYSE:EVRI) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,045 shares of the credit services provider's stock after purchasing an additional 22,972 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of Everi worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Everi by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider's stock valued at $65,631,000 after buying an additional 47,844 shares during the last quarter. Water Island Capital LLC increased its holdings in shares of Everi by 14.5% in the 4th quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock valued at $39,516,000 after acquiring an additional 370,704 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Everi by 11.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,214,219 shares of the credit services provider's stock valued at $29,914,000 after purchasing an additional 229,477 shares during the last quarter. Geode Capital Management LLC boosted its stake in Everi by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider's stock worth $25,440,000 after purchasing an additional 22,263 shares during the period. Finally, AQR Arbitrage LLC grew its position in Everi by 27.5% during the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock worth $25,402,000 after purchasing an additional 405,831 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Transactions at Everi

In other news, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction dated 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. This trade represents a 34.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were 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 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. Company insiders own 6.40% of the company's stock.

Everi Stock Performance

NYSE:EVRI traded up $0.03 during midday trading on Tuesday, reaching $14.13. The stock had a trading volume of 27,951 shares, compared to its average volume of 1,311,007. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.23 billion, a P/E ratio of 94.17 and a beta of 1.31. The firm has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $13.65. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $14.14.

Everi (NYSE:EVRI - Get Free Report) last issued its earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $181.30 million during 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%. On average, equities analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.