Deutsche Bank AG Acquires 22,972 Shares of Everi Holdings Inc. (NYSE:EVRI)

Deutsche Bank AG increased 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 & Exchange Commission. The firm owned 221,045 shares of the credit services provider's stock after acquiring an additional 22,972 shares during the period. Deutsche Bank AG owned about 0.26% of Everi worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vestcor Inc acquired a new position in Everi during the fourth quarter worth $28,000. AlphaQuest LLC lifted its position in Everi by 97.8% during the 4th 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 acquired a new position in shares of Everi during the 4th quarter worth about $143,000. Proficio Capital Partners LLC acquired a new position in shares of Everi during the 4th quarter worth about $151,000. Finally, Trans Canada Capital Inc. bought a new position in shares of Everi in the 4th quarter valued at about $253,000. 95.47% of the stock is owned by institutional investors.

Insider Transactions at Everi

In other news, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents 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.

Everi Stock Performance

Everi stock traded up $0.01 during mid-day trading on Tuesday, hitting $14.11. 1,275,467 shares of the company's stock traded hands, compared to its average volume of 1,317,576. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $14.14. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 94.04 and a beta of 1.31. The firm has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $13.66. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Everi (NYSE:EVRI - Get Free Report) last announced its 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 company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. Everi had a return on equity of 5.47% and a net margin of 1.72%. On average, research analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.83.

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.