Jane Street Group LLC Sells 144,911 Shares of Everi Holdings Inc. (NYSE:EVRI)

Jane Street Group LLC decreased its position in Everi Holdings Inc. (NYSE:EVRI - Free Report) by 88.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,040 shares of the credit services provider's stock after selling 144,911 shares during the quarter. Jane Street Group LLC's holdings in Everi were worth $244,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EVRI. Raymond James Financial Inc. acquired a new position in Everi during the fourth quarter valued at approximately $4,361,000. Schonfeld Strategic Advisors LLC raised its position in Everi by 179.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock worth $6,335,000 after purchasing an additional 301,354 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Everi in the 4th quarter worth approximately $151,000. Water Island Capital LLC raised its stake in Everi by 14.5% during the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock worth $39,516,000 after acquiring an additional 370,704 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Everi by 773.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider's stock valued at $1,230,000 after purchasing an additional 80,615 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Everi Trading Down 0.0%

NYSE:EVRI traded down $0.01 on Friday, hitting $14.17. 266,800 shares of the stock were exchanged, compared to its average volume of 1,293,679. The company's 50-day moving average price is $13.89 and its 200 day moving average price is $13.69. Everi Holdings Inc. has a 52 week low of $7.37 and a 52 week high of $14.20. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 94.44 and a beta of 1.31. 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 (NYSE:EVRI - Get Free Report) last issued 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). Everi had a net margin of 1.72% and a return on equity of 5.47%. The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. On average, equities research analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In other Everi news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 7,332 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly 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. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded 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. Based on data from MarketBeat.com, the company has an average 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.