Squarepoint Ops LLC Cuts Stake in Everi Holdings Inc. (NYSE:EVRI)

Squarepoint Ops LLC trimmed its holdings in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 64.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 265,825 shares of the credit services provider's stock after selling 476,318 shares during the period. Squarepoint Ops LLC owned approximately 0.31% of Everi worth $3,591,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vestcor Inc purchased a new stake in shares of Everi in the 4th quarter valued at $28,000. AlphaQuest LLC increased its holdings 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 purchasing an additional 4,671 shares during the period. EP Wealth Advisors LLC purchased a new position in Everi in the fourth quarter worth approximately $143,000. Proficio Capital Partners LLC acquired a new position in shares of Everi during the fourth quarter worth $151,000. Finally, Trans Canada Capital Inc. purchased a new position in shares of Everi in the 4th quarter valued at about $253,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 7,332 shares of Everi 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 directly owns 84,240 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of Everi 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 sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at $789,428.75. This trade represents 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 Stock Performance

Shares of Everi stock traded down $0.02 on Friday, reaching $14.12. 395,360 shares of the stock were exchanged, compared to its average volume of 1,309,256. Everi Holdings Inc. has a 1-year low of $6.47 and a 1-year high of $14.15. The business has a fifty day moving average price of $13.84 and a two-hundred day moving average price of $13.67. The firm has a market capitalization of $1.23 billion, a PE ratio of 94.11 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

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 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 business had revenue of $181.30 million during the quarter, compared to analyst estimates of $193.22 million. As a group, research analysts anticipate that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.